Briefing (11/27)
Today's panic index (18), yesterday we mentioned that BTC was hesitating at the MA99 (87,900) level, and this morning it finally made up its mind and broke through! ETH is charging towards the 3,000 mark directly. The market signals are very strong; JPMorgan has overturned its prediction of 'no rate cuts' from a week ago, now expecting the Federal Reserve to cut rates in December;
$BTC : Successfully broke through key resistance, indicating bullish sentiment is high. The market has officially entered a major upward wave! BTC is now targeting 96,635 (previous high resistance).
Short-term targets are 94,760 and 96,635. Breaking through 96,635, we can officially call out for 100,000;
$ETH : ETH's strong performance has remained unchanged. Its current price is around 3,052, having regained the psychological barrier of 3,000. The moving average system is fully bullish. This proves that ETH is the main battlefield for funds. ETH's goal is to continuously challenge the previous highs. Short-term targets are 3,200 and 3,400, which are two previous strong resistance areas.
Market Analysis:
Now is an upward trend, do not short; continue to hold our long positions.
ETH's structure is the healthiest, and if there is a slight pullback, it is the best opportunity to add positions.
BTC confirmation point: MA99 (92,609) is now our new support. As long as BTC does not fall below here, we can hold with confidence.
