Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#ETH走势分析 On November 28, the Thanksgiving Day, the US stock market will be closed. Will the Crypto Assets market continue this rebound? Let's talk about the current situation and my operational thoughts.



Today's trend is basically in line with expectations. After Bitcoin stabilized at 88300, it successfully touched around 91900. Ethereum also broke the 3000 barrier, performing well.

From the daily perspective, the coin price is slightly fluctuating upward along the 5-day moving average, with both KDJ and MACD showing a bullish expansion state. However, the surge in the early morning was a bit strong, causing a gap of nearly 2000 points between the price and the 5-day line. Therefore, I judge that it is highly likely to first retrace in the early morning to solidify the support below before continuing to move upward.

The pressure range above Bitcoin is seen between 91900 and 94000. The support below focuses on the 89000-88200 area. As long as either of these two support levels is held during the early morning pullback, the probability of continuing the rebound and testing the pressure above along the daily trend is very high.

From the 4-hour level, Bitcoin has been oscillating upwards near the upper Bollinger Band throughout the day, but the volume is weak and signs of a pullback are starting to appear. All indicators still show a bullish divergence state. Combining with the hourly chart, it is indeed experiencing a slight pullback in the short term. Considering that the US stock market is closed for Thanksgiving, the expected volatility won't be too exaggerated. During the night of the 27th to the early morning of the 28th, if the pullback holds the 89000-88200 line, I personally lean towards Bitcoin continuing to follow the daily trend for a rebound upwards. Therefore, the strategy is still mainly low longs, supplemented by high shorts.

Specific operations: build long positions in batches at 89800-88800, target at 91500-92500, stop loss set at 88300. For short positions, you can refer to the layout near the resistance level.

The short-term trend of Ethereum is basically in sync with Bitcoin. The short-term pullback is building momentum for a rebound and solidifying the support below. Currently, the resistance for Ethereum is seen in the 3080-3150 range, while the support is at the 2930-2890 line. It is expected that there will also be a pullback in the early morning to confirm the support before continuing the upward momentum. The operational strategy remains focused on low buying while supplementing with high selling.

Ethereum operation: buy at 2960-2930, target price 2950-3100, stop loss 2910.

This approach should be sufficient to cope with the upcoming trends. We will continue to monitor market changes.
ETH-0.79%
BTC0.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GasFeeCriervip
· 11-30 14:25
The idea of going long is fine, but I'm worried about that wave getting dumped in the early morning US session.
View OriginalReply0
BoredStakervip
· 11-29 15:41
The pump in the early morning was indeed fierce, feeling a bit urgent.
View OriginalReply0
SatsStackingvip
· 11-27 15:09
After blowing for so long, I finally see BTC taking shape, but I'm afraid it will be just a flash in the pan.
View OriginalReply0
NotGonnaMakeItvip
· 11-27 15:05
I still have to follow the long positions, just afraid that there will be another dumping in the early morning.
View OriginalReply0
AirdropHunter007vip
· 11-27 14:47
If this pullback at dawn can hold at 88200, it will be stable; otherwise, it will have to be tossed around again.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)