November 27 Technical Interpretation: How long will the rebound of BTC and ETH last?

Market Review Analysis

During the day, both Bitcoin and Ethereum are just reaching near their resistance lines, with Bitcoin stuck around 92, differing by 100 points, and Ethereum reaching a maximum of around 3070, differing by ten points from 3080. According to the current pace, I hope for a pullback during the day, followed by establishing support before breaking through this resistance level. We have just begun to approach this resistance line, with Bitcoin rising quite sharply, while Ethereum remains weaker than Bitcoin's trend, and corresponding positions have not yet broken. Yesterday's daily closing was not very good, it was just a strong surge in the early morning without much of a pullback, so we should pay a bit more attention to the overall support defense line during the day. When encountering the current resistance, we can look for support on the small scale during the pullback.

Daily Market Interpretation

During the day, Bitcoin has reached the level of 92; the four-hour level has not yet closed, so we are paying attention to the resistance line at this position. If there is no good breakthrough at the four-hour level, there will not be a continued surge during the day, and there will be a small-scale pullback during the day. First, we should look at the support defense line in the range of 886-892. If this wave stabilizes at 88 without breaking below, the subsequent market will slowly warm up. If during the day the four-hour level breaks through 92 and stabilizes, we will continue to pay attention to 94-96 in the short term. Normally, we need a small-scale pullback support at the daily level, so we can look for a small-scale pullback during the day.

Ethereum's daily market has just reached near the resistance level of 3080 and is experiencing a pullback. This resistance line is not considered a standalone resistance zone or a standalone resistance position. Correspondingly, after Bitcoin reaches resistance, Ethereum also reaches it synchronously. Thus, while Bitcoin pulls back during the day, Ethereum will also pull back. The strength of Ethereum's rebound during the day is not strong, so when Bitcoin pulls back, the degree of Ethereum's pullback will not increase. The daily level's support defense line can focus on the position near 2960. If Bitcoin continues to break through the 92 line, Ethereum will also move upward, focusing on the resistance around 3150.