11.27 Market Analysis: Bitcoin Breaks 90,000, Is the Trend Reversing?

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丁君羡
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7 hours ago

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  BTC: The price of Bitcoin was positively influenced by news early in the morning, directly breaking through the key resistance level of 90,000. The hourly downtrend line was also broken, and it has rebounded to around 91,800 at its highest. However, until it returns to the daily uptrend line, it should be treated as a rebound. This morning, I entered a light short position at 91,700; there is little significance in blindly chasing long positions at this level, with key support below around 89,200.

ETH: The rebound is slightly weaker, currently testing the key resistance area of 3,050-3,100. As long as the daily chart does not stabilize above 3,100, there will not be much rebound in the short term, with key support below around 2,980.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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