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Market analysis on November 29
Happy weekend, partners! Last night, Bitcoin surged to around 93000 and then quickly fell back, hitting a low near 90100. Considering the market characteristics on Saturday, the volatility of the market is expected to be limited, and it is highly likely to maintain a range-bound oscillation pattern. The core focus should be on the three key levels of 90400, 91800, and 93000, and implementing a high sell low buy strategy is advisable!
Looking ahead to next week, the market is expected to usher in a one-way trend of 3000-5000 points. Those who prefer swing trading can continue to follow Teacher Cheng, who will arrange swing trading opportunities in advance to help everyone seize the core profit window as the market starts!
Tip:
- Bitcoin: Swing in the range of 90500-91000, targeting 92500-93000
- Ethereum: trading in the range of 2990-3020, aiming for 3050-3090.