$BTC Bitcoin and Ethereum market analysis on the evening of November 29.

When prices rise, one is entangled without adding positions; when prices fall, one is hurriedly cutting losses, missing opportunities and regretting it, feeling distressed about being trapped. The market always comes in the opposite direction: if you chase the rise, it falls; if you cut losses, it rebounds. After countless early mornings staring at the charts, in the end, all you earned is a screen full of red and green and a heart full of exhaustion. In the early morning, the price peaked at 92323 before facing pressure and retracing, dipping to a low of 90155, and then gradually warming up, maintaining a narrow range oscillation between 90000-91000 in the afternoon; Ethereum, like Bitcoin, peaked at 3044 in the early morning but lacked momentum, starting a continuous downtrend, touching a low of 2982, and maintaining weak oscillation in the afternoon, fluctuating narrowly around the 2980-3000 range.
From the daily chart perspective, the signal for a stronger trend is clear, and short-term bullish momentum is dominant. The daily chart shows a bullish engulfing pattern, with the price stabilizing above the critical level of 90000, and it has successfully broken through the upper Bollinger Band previously, with the Bollinger Band opening expanding upwards. From the four-hour chart perspective, after the price surged to around 93000, a technical correction occurred, and currently, it is oscillating around the 90000 - 91000 range. This level indicates that there is significant selling pressure near 91900 above, while there is considerable support at 90500 below, making it difficult to form a sustained breakout trend for the time being. Overall, it is mainly in a range-bound consolidation phase digesting the previous gains, situated in a corrective phase after the surge. From the one-hour chart perspective, the range-bound characteristics are prominent, with the fluctuation amplitude continuously converging. The price mainly oscillates in a narrow range of 90500 - 91900, with no clear one-sided trend, so operations need to revolve around key levels with light positions, while strictly implementing stop-losses.
Operation suggestion: Bitcoin is hovering around 90300, target looking towards 91500, stop loss at 89800.
Ether is around 2970, with a target looking towards 3070, and a stop loss at 2920.
#比特币行情观察