November 29 midday Bitcoin Ethereum market analysis and trading strategy

Bitcoin rebounded after falling to the low point of 90160 at midnight and began to stabilize, with the current price oscillating back to around 90900. The 4-hour chart remains under pressure below the upper band. The Bollinger Bands are starting to contract, entering a tug-of-war oscillation in the short term. From the 4-hour structure, there is a slight double bottom rebound on the downside. On the upside, it is constrained by the neckline and the downward trend line. In the short term, as the mid to upper band range has not been broken, the oscillation and end-of-day strategy remains unchanged, which may be accompanied by repeated upward spikes and pullbacks, or downward dips and recoveries ultimately settling at a neutral position. Short-term operations should still focus on key points, as the levels are more critical than the direction.

Ethereum experienced a midnight rebound but failed to break through the 3100 mark and began to decline, with the current price oscillating around 3030. The 4-hour chart is temporarily maintaining stability within the rising channel. As the repeated back-and-forth continues, the support of the rising trend line has moved up to around 2800. The 4-hour chart shows a slow oscillation upward, but the moving average indicators have become blunt, causing the short-term rhythm to start oscillating. Currently, the Bollinger Bands are also beginning to converge. Combining this with yesterday's movement, although there were attempts to reach higher, sustainability is a concern; it is not a one-sided movement and will present a more prolonged oscillation pattern. It is difficult to achieve a one-sided market and space in one step based on the combination of space and shape. The uncertainty in Ethereum's bullish and bearish sentiment also increases the difficulty of short-term price range determination. Perhaps there will be a prolonged period accompanied by oscillating washouts. The short-term strategy in the morning continues to treat it similarly to Bitcoin, participating in oscillations around the high and low of the range.

Bitcoin: Buy at 90600-89600, target around 91600

Ethereum: 3030-2970 more, target around 3080 $BTC $ETH #比特币行情观察 #今日你看涨还是看跌？