Thursday ( November 27 ) Observation: BTC and ETH trend analysis

Recently, the market atmosphere has clearly warmed up, and several potential catalysts are worth noting:

First, there are signs of easing in the China-US trade friction — some product tariffs have been granted a one-year exemption period. Secondly, a leading asset management institution's spot ETF has resumed net inflows. Additionally, with the Ethereum mainnet upgrade approaching, the expectation for a rate cut in December has risen to about 80% (the economic data released in the early morning has basically locked in this expectation).

From a technical perspective, BTC stabilized and rebounded after testing the support level at 862 yesterday, and accelerated to break through the triangular consolidation pattern in the early morning, entering an upward channel in the short term. From 858 on Monday, 864 on Tuesday to 862 on Wednesday, the bullish accumulation level that has been repeatedly reminded over the past few days has finally realized a space of 5000 points near 915.

The current price level is facing resistance at 920, but as long as the pullback does not break the 900-893 range, this rebound is likely not over. Focus on the strength of support in this range during the day, with resistance levels looking at 920/936/960 above.

On the Ethereum side, with the upgrade expectations combined with technical aspects, the target above 3000 set on Monday has also been realized at 3060 today. There has been a short-term pullback now, but the key is whether 3010-2980 can hold—if it holds, there is a possibility of another rally today, and the upper resistance levels to watch are 3070/3150/3250.

Market sentiment is recovering, but volatility remains significant, so be mindful of risk control.