"Market Analysis on November 27: Waiting for the Top to Emerge, Discussing the Trend of a Second Probe in December"

Last night, I reminded that after the hourly level convergence breakthrough of Bitcoin, it would go above 90800. It did come out in the evening, and in the morning, I added a short position at 91800. Fortunately, this short position is not trapped at the moment. Many people want to chase after the rise, but chasing here is likely to catch a top range, which is meaningless. To truly push the price up, the bottoming and accumulation actions must be completed here, so the market's exploration of the bottom is necessary. The probability of a high short position here is still far greater than that of going long. After adding to our short position twice in the morning, the average price should be just above 91000.

In the daily trend of Bitcoin (大饼), the support at 89000 is a watershed position for bulls and bears. After the hourly level entity breaks below here, long positions can target the next support level around 87600. Currently, there is a daily resistance above at 94050.

In the intraday trend of $BTC , 138 here is a support level that acts as a dividing line between bulls and bears. If it goes down, you can only attempt a rebound at 131-130. The resistance on the daily chart above is at 147.

$SOL The support levels for Ether below are 2925 and 2865. Among them, 2865 is a place where multiple support and resistance levels have switched; it has not completely fallen below this level, so it is advisable for short positions to take profits appropriately. The pressure zone on the daily chart is between 3120 and 3150.

In summary, there is an expectation for the market to top again above 90,000 at the end of the month, so it is no longer advisable to chase after the rise here. If we truly want to pull up the market, it is necessary to go down and explore the bottom here, so the discussion at the beginning of December should focus on where the bottom will be completed. Currently, in this range, the probability of a high short position still exceeds that of the bulls. $ETH
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