11.27 Market Analysis

Good morning, brothers. The weekly level of Bitcoin has confirmed a shift from bullish to bearish, and the 50-week moving average has effectively broken down, establishing a bearish pattern for the larger cycle. This core judgment remains unchanged at present. Even if the price continues to rise, it does not mean the end of the downtrend, but rather a rebound adjustment after the weekly level decline, which belongs to a corrective movement within the bearish trend.

In the short term, the daily chart shows a clear rebound signal, with the MACD forming a golden cross below the 0 axis and opening upwards. The moving average divergence rate has reached a nearly four-year low, indicating strong demand for a short-term rebound. This rebound is substantial and has pushed the price back into the range starting with the number 9.

The trading aspect needs to be flexible and adaptable, with the core idea still anchored to the bearish trend of the weekly cycle. However, it is essential to respect the short-term rebound rhythm of the daily chart and avoid falling into extreme bullish or bearish thinking. One should respond rationally to the game between rebounds and trends.

Market Analysis Today:
Today, pay attention to the 90450 level for Bitcoin. As long as it does not break below this level on the hourly chart, we will still look for a rebound and continued upward movement. The resistance above is around the levels of 92054-92791-93855!
If the hourly level breaks below 90450, it means that the hourly level has started to pull back. Pay attention to the support levels around 89440-88097-86734!

Pay attention to the 3030 level for Ethereum today. As long as the hourly level does not break this position, I expect a rebound. The upper resistance levels to watch are around 3070-3095-3143!
If it falls below 3030, then the hourly level rebound will end, and the correction will begin. Pay attention to the support levels around 2980-2939-2887!

Pay attention to the 143 position for SOL. Only if it stands firmly above this level, can we start to see a rebound on the 1-hour scale. The upper resistance to watch is around the positions 144-147-150!
If it cannot stand above the 143 position, it means the rebound lacks strength. Pay attention to the support around the levels of 141-138-134 below! #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐