Xiang Li: November 26 morning BTC ETH operations and analysis
The daily BTC has surged and then retraced, with the daily candlestick forming a long upper shadow, indicating strong resistance at the 89000 level, and showing clear short-term pressure. The hourly chart shows a step-like downward trend, with moving averages arranged in a bearish manner. Key support is observed at the 86000 level; if this breaks effectively, it may further test the vicinity of 85000. Meanwhile, ETH is also weakening, with the 2950-2980 range now turned into short-term resistance, while the support at 2850 has temporarily stabilized. If this support is lost, it is likely to follow BTC's continued retracement. Overall, the trend appears to be leaning towards short-term bearish fluctuations, and there is a need to be cautious of trend continuation after key levels are breached. Morning trading suggestions are to continue with the strategy of selling at highs as discussed in the early morning, while also looking for opportunities to capture short-term bullish rebounds. BTC: 89000-88500 expected to see 86000 ETH: 2950-2980 Expect 2850
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Xiang Li: November 26 morning BTC ETH operations and analysis
The daily BTC has surged and then retraced, with the daily candlestick forming a long upper shadow, indicating strong resistance at the 89000 level, and showing clear short-term pressure. The hourly chart shows a step-like downward trend, with moving averages arranged in a bearish manner. Key support is observed at the 86000 level; if this breaks effectively, it may further test the vicinity of 85000. Meanwhile, ETH is also weakening, with the 2950-2980 range now turned into short-term resistance, while the support at 2850 has temporarily stabilized. If this support is lost, it is likely to follow BTC's continued retracement. Overall, the trend appears to be leaning towards short-term bearish fluctuations, and there is a need to be cautious of trend continuation after key levels are breached. Morning trading suggestions are to continue with the strategy of selling at highs as discussed in the early morning, while also looking for opportunities to capture short-term bullish rebounds.
BTC: 89000-88500 expected to see 86000
ETH: 2950-2980 Expect 2850
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