On November 27, is BTC.ETH a reversal or a rebound?

BTC surged strongly above 90,000 in the early morning. Recent economic data presents a complex picture, showing resilience in the labor market on one hand, while exposing potential weaknesses on the other. This situation further reinforces expectations for a rate cut by the Federal Reserve in December, with the expectation for a rate cut rising to 83% as announced again in the early morning.

Currently, BTC has broken through the previous range of resistance on the daily chart. The short-term moving averages have started to gradually turn upwards and diverge. After completing a pullback, the daily chart continues to maintain a good upward trend along the short-term moving averages. On the 4-hour chart, after a temporary price surge, the normal correction that follows is not too strong in terms of pullback intensity and duration. It is important to watch for potential high-level fluctuations in BTC that may occur after completing the technical pattern repair before another surge.

BTC trading suggestion 90300-90700 long target 92400 break to see 93000-93500

ETH trading suggestion 2985-3005 long Target 3090 break to see 3115$BTC $ETH #今日你看涨还是看跌？ #加密市场回暖