Latest analysis of BTC/ETH on the evening of November 29.
BTC is in a short-term upward channel, but the upward momentum is weak. Yesterday's rebound peaked at only 93092, and there is strong selling pressure in the 9.3-9.5 million area, indicating that the bearish trend has not changed.
ETH synchronizes with BTC, rebounding to 3097 before retreating, unable to break through the key resistance at 3120. The 4-hour chart has shown a top divergence signal, and the momentum is gradually weakening.
The market liquidity significantly decreased over the weekend, and a small amount of selling can amplify the decline 📉. Currently, the sentiment in the market favors the bears, and it is highly likely to maintain a volatile downward trend in the next couple of days.
Suggestion: BTC rebounds to around 91000-92000, then looks down to near 90000; if the level is not broken, then reverse to do short, trading high at 92000 and low at 90000.
ETH rebounded to around 3000-3030, looking down at around 2980; if it doesn't break, it will be a reversal, trading high at 3030 and low at 2970. #币圈
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Latest analysis of BTC/ETH on the evening of November 29.
BTC is in a short-term upward channel, but the upward momentum is weak. Yesterday's rebound peaked at only 93092, and there is strong selling pressure in the 9.3-9.5 million area, indicating that the bearish trend has not changed.
ETH synchronizes with BTC, rebounding to 3097 before retreating, unable to break through the key resistance at 3120. The 4-hour chart has shown a top divergence signal, and the momentum is gradually weakening.
The market liquidity significantly decreased over the weekend, and a small amount of selling can amplify the decline 📉. Currently, the sentiment in the market favors the bears, and it is highly likely to maintain a volatile downward trend in the next couple of days.
Suggestion: BTC rebounds to around 91000-92000, then looks down to near 90000; if the level is not broken, then reverse to do short, trading high at 92000 and low at 90000.
ETH rebounded to around 3000-3030, looking down at around 2980; if it doesn't break, it will be a reversal, trading high at 3030 and low at 2970.
#币圈