On November 28, Thanksgiving, the US stock market will be closed. Will the cryptocurrency market continue the rebound sentiment? Market analysis and operational ideas.

CN
孟晓瀚
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5 hours ago

Currently, the daily price of the cryptocurrency is slightly oscillating upwards, relying on the MA5 moving average. The KDJ and MACD indicators show a bullish divergence pattern. However, due to the surge in the early morning, there is a gap of nearly 2000 points between the price and the MA5 moving average. It is expected that the price will first retrace to solidify the support below before continuing to rise. The current resistance level for Bitcoin is around 91900-94000. The support level is at 89000-88200. As long as the price does not effectively break below any support during the early morning retracement, Bitcoin will continue to rebound and test the strength of the upper resistance in line with the daily trend.

On the 4-hour chart, Bitcoin has been oscillating upwards near the upper Bollinger Band, but the weak volume has led to a retracement sentiment. Currently, various indicators still lean towards a bullish divergence. Looking at the hourly chart, Bitcoin is showing a slight retracement sentiment. Due to the Thanksgiving holiday, the U.S. stock market is closed, and it is expected that the market fluctuations will not be too large. From the evening of the 27th to the early morning of the 28th, as long as the price does not effectively break below the support at 89000-88200, I personally believe that Bitcoin will continue to rebound and test the strength of the upper resistance in line with the daily trend. Therefore, regarding the early morning trend, my personal view is to maintain a low bullish position as the main strategy, with high short positions as a supplement.

Trading Strategy: Buy in batches at 89800-88800. Target: 91500-92500. Stop loss at 88300.

Short positions can be referenced at the resistance level.

Ethereum's short-term trend is basically in sync with Bitcoin. The short-term retracement is solidifying the support below to build momentum for a rebound. The current resistance level for Ethereum is around 3080-3150. The support level is at 2930-2890. It is expected that the price will first retrace to solidify the support below before continuing to rise. Therefore, regarding the early morning trend, my personal view is to maintain a low bullish position as the main strategy, with high short positions as a supplement.

Trading Strategy: Buy Ethereum at 2960-2930. Target: 2950-3100. Stop loss at 2910.

The current trend is expected to be sufficient, and I will continue to follow up.
This personal opinion is for reference only. There may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be based on real-time guidance. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!

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