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11.26 midday thought analysis📈
The current market is still in a volatile state, with Bitcoin continuing to consolidate within the range of 86000 to 88500, where 88500 is a strong resistance level and 86000 is the key support line.
The movement of Ethereum is consistent with Bitcoin, having surged to a high of 2979 in the morning before facing resistance and retracting, then stopping the decline near the low of 2919 and warming up again.
The daily chart shows a still ongoing upward rebound trend, but the upward momentum has significantly weakened. The four-hour chart shows a long lower shadow indicating low-level buying support, but the rise in high points has slowed down, and the rebound momentum is lacking, making it difficult for bulls to break through.
The pancake is around 88000, target around 87000
Ethereum targets around 2850 near 3000.
$BTC $ETH