11.26 Evening Analysis

The overall market during the day has weakened, Bitcoin has formed a breakdown, and Ethereum is relatively resistant to declines, but both remain in a critical support area. The common issue faced by both is a lack of upward momentum. As Bitcoin leads the market to weaken, and both are being pressured by key moving averages, it is highly likely that the weakness will continue in the evening. Any rebound towards the resistance area presents an opportunity to short at a high.

Operational Strategy

Bitcoin: Short near 87300-87600, target around 86100-85800

Ethereum: Short near 2940-2960, target around 2880-2860