11.26BTC/ETH Market Viewpoint:
Before the market moves, there will always be support for the bulls, and the bears have their reasons as well, so no one can try to persuade anyone. Just stick to your own logic and manage your positions well; let time validate the rest! On Monday, Bitcoin reached a high of 88800, and Ethereum at 2950 was undoubtedly a chance to profit. Midnight reminder: at this position, it's still possible to enter the market. Bitcoin rebounded to a maximum of 88200 before coming down, just a little bit short, and Ethereum at 2960 offered a short entry opportunity. For those who have already entered the short position mentioned above, just hold patiently!
Bitcoin's daily candlestick closed with a small bearish line with upper and lower shadows. The Bollinger Bands are still opening downwards, and while MACD is showing bearish contraction, KDJ and RSI are crossing upwards, the price hasn’t risen significantly. The indicators point upwards, but the price remains stagnant, which can be seen as another blatant attempt to lure in bulls! This week's market rhythm has clearly slowed down; there's definitely profit to be made on the highs, and the same goes for the lows in short-term operations. However, this does not mean to directly go long in the resistance area or to chase shorts near the support!
The intraday strategy focuses on shorting, for those without short positions, pay attention to the resistance at 88500 and 90000 above. Engage in ambush trading around these levels for high positions, while the support is at 87000, 86000, and 84000 below.
Ethereum's rebound is slightly stronger than Bitcoin's; currently, treat the integer level of 3000 as the main strong resistance for high positions. The viewpoint remains the same, and the market context has not changed much, so there’s not much more to say. Pay attention to the resistance at 2960 and 3060 above, and layout entry around these levels for high positions, while the support is at 2860, 2760, and 2630 below.
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