Thanksgiving has caused the US stock market to enter holiday mode early, and with so many holidays at the end of the month, there are fewer trading days. $BTC rebounded from a low point last night, just a breath away from reaching 92000, but this morning it has retreated again, fluctuating around 90700. $ETH is also hovering around the 3000 mark, still digesting the previous gains.
From the hourly chart, the price has slid from the upper Bollinger Band to the lower band area. This position has quite solid support, so the current strategy focus is still on buying on dips.
The key is whether the 90000 defense line can be held—if it holds, there is room for a rebound, targeting around 92000; if successfully broken, one can continue to look higher, otherwise, one has to consider following the trend and going short.
Afternoon reference points:
BTC looking for long opportunities in the range of 89700-90300, target 92000, hold and observe after the breakout, reverse operation if not broken.
