Analysis of the latest market direction for Bitcoin and Ethereum in the afternoon: As of 11/26, the current market is in a low volatility range and is in a state of fluctuation, with prices repeatedly testing key support and resistance levels. On the technical front, despite the emergence of a bullish engulfing pattern and the golden cross signals of both short-term and long-term moving averages, indicating a certain rebound tendency, the issue of insufficient Trading Volume significantly weakens the sustainability of the rebound. Furthermore, the low volatility in the market further limits the possibility of a significant breakout in the short term. Given that the current market is in a low volatility range and that 90000 USDT is a medium-strength resistance level in a densely traded area, the price may face significant selling pressure in this region; therefore, adopting a high shorting strategy is a reasonable choice that aligns with the fluctuation pattern. Recommendation from Xiao Ma: Directly short around Bitcoin 88000-88500, with a target of around 87000-86500.
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Analysis of the latest market direction for Bitcoin and Ethereum in the afternoon: As of 11/26, the current market is in a low volatility range and is in a state of fluctuation, with prices repeatedly testing key support and resistance levels. On the technical front, despite the emergence of a bullish engulfing pattern and the golden cross signals of both short-term and long-term moving averages, indicating a certain rebound tendency, the issue of insufficient Trading Volume significantly weakens the sustainability of the rebound. Furthermore, the low volatility in the market further limits the possibility of a significant breakout in the short term. Given that the current market is in a low volatility range and that 90000 USDT is a medium-strength resistance level in a densely traded area, the price may face significant selling pressure in this region; therefore, adopting a high shorting strategy is a reasonable choice that aligns with the fluctuation pattern. Recommendation from Xiao Ma: Directly short around Bitcoin 88000-88500, with a target of around 87000-86500.
Shorting near 2950-2970, target around 2880-2850 #Gate广场圣诞送温暖 #加密市场回暖 #比特币行情观察