November 30 Bitcoin Ethereum market analysis

Over the weekend, the price of Ethereum remained stable around 3008, showing a slight increase, but overall fluctuations were relatively smooth. The price has been oscillating within this range for a long time, failing to generate strong upward momentum.

The upper and lower bands of the Bollinger Bands are located at 3008 and 2900, respectively. The current price is close to the upper band, suggesting that there may be a risk of price correction. The narrowing of the Bollinger Bands indicates lower market volatility, with the price failing to significantly break through or fall below key levels, which provides a potential opportunity for short positions. If the price falls below the lower band, it may further test levels around 2900.

The MACD indicator shows that the current bearish bars are gradually shortening, while the bullish bars are slightly increasing, but the overall change is not significant. The MACD line has not formed a clear crossover signal, but the current market trend still leans towards stable consolidation, without displaying strong bullish or bearish signals. Therefore, short positions can focus on further confirmation when the price breaks down.

Without a clear breakout signal, short positions can be entered when the price approaches the upper band, especially if the price breaks below the lower Bollinger Band, which may accelerate the downward correction. The ideal timing for entering a short position should be when the price approaches or breaks the upper band and fails to maintain the upward movement, or when the price approaches the lower Bollinger Band again and shows downward confirmation. #比特币行情观察 $BTC