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11.28 Friday Morning Review


Early this morning, Bitcoin once again tested the 92,000 mark but faced resistance and fell back. The multiple attempts to break through have clearly indicated the strong pressure from above. The bearish pressure is evident.
In the hourly chart of Bitcoin, the short-term rebound has not yet reached the upper band before falling into a series of consecutive declines, indicating a lack of strength in the rebound. At the same time, the auxiliary indicators MACD and KDJ are both in a bearish arrangement, suggesting a continuation in the short term. Therefore, it is recommended to short on rebounds during the day. Ethereum is currently fluctuating around 3000, facing significant bearish pressure near 3030.
Short target near 90100 points around 90700 points, stop loss near 91400.
Short target around 2980 near Ether 2999 with stop loss around 3015.
BTC-1.28%
ETH-1.02%
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