11.27 Market Analysis

Good morning, brothers. The Bitcoin weekly chart has confirmed a shift from bullish to bearish, and the 50-week moving average has effectively broken down, establishing a bearish pattern in a larger cycle. This core judgment remains unchanged. Even if the price continues to rise, it does not signify the end of the downtrend; rather, it is a rebound adjustment following a weekly downtrend, which belongs to the corrective phase of a bearish trend.

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

In terms of trading, one must be flexible and adaptable. The core idea still anchors on the bearish trend of the weekly cycle, but one must respect the short-term rebound rhythm of the daily chart. Avoid falling into extreme thinking of bullish or bearish; rationally respond to the game between rebounds and trends.

Market analysis for today:
Today, pay attention to the 90450 level for Bitcoin. As long as it doesn't drop below this level on the hourly chart, we can still expect a rebound and continue to rise. The resistance above is near the levels of 92054-92791-93855!
If the hourly level breaks below 90450, it indicates that the hourly level is starting 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, we also look for 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 support levels around 2980-2939-2887!

Pay attention to the position of 143 for SOL. Only if it stabilizes above this level can a rebound start on the 1-hour chart. Keep an eye on the resistance around the positions of 144-147-150!
If it can't stand above the position of 143, it indicates that the rebound lacks strength. Pay attention to the support near these positions below: 141-138-134! #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐