11.26 early morning market analysis
Currently, BTC/ETH is in a "technical rebound phase after a decline," but the medium to long-term trend has not yet reversed. In the last 24 hours, BTC saw a net outflow of 523 million USD and ETH a net outflow of 186 million USD, indicating a cautious short-term capital flow.
BTC remains in a bearish pattern, having risen to 89177 before retreating. The bearish candlestick is accompanied by a contraction in volume, and bullish momentum is weakening; the MACD death cross has not reversed, and the rebound is defined as a "correction after a decline." It will not be considered a trend reversal until it breaks through the 90,000 mark.
ETH is also in a rebound correction after a decline, having risen to 2986 before retreating. The bearish candlestick has not increased in volume and belongs to a consolidation correction; the MACD golden cross is weak, and the trend will not reverse until it breaks through the 3,000 mark.
The Federal Reserve's interest rate cut expectations in December (current probability 80%) have become a potential macro catalyst, but the market will primarily experience consolidation until the policy is implemented.
$BTC rebound to the 88500-89000 range for short selling, aiming for 87000-86500; pullback to the 86000-86500 range for long buying, aiming for 87500-88000
$ETH rebound to the 2980-3000 range for short selling, aiming for 2900-2880; pullback to the 2850-2880 range for long buying, stop loss at 2820, aiming for 2950-2970
