Bitcoin and Ethereum Evening Trend Analysis and Trading Strategy (November 24th)

Currently, looking at the weekly chart, both Bitcoin and Ethereum have seen consecutive bearish candles, with closing positions largely consistent with the predictions made in the November 17th post: Bitcoin around 84,000 and Ethereum around 2,800 near their weekly support levels. Based on previous price action, this level still provides some support. Therefore, this week's market should primarily focus on consolidation. Whether the market continues its downtrend or reverses remains to be seen. On the daily chart, Bitcoin started to close positive around 86,800. Although there was a break below the 86,500 resistance level, the breakout was not significant. The next resistance level is 87,500, and the support level is 84,500. A break above this level could lead to 90,000-92,000, while a break below could lead to 82,000-80,000. Ethereum closed near 2,800 and is currently still in a consolidation phase. The upper resistance level is 2,820-2,850, with a break below that level targeting 2,950. The lower support level is 2,760, with a break below that level targeting 2,660. On the 4-hour chart, Bitcoin continues its steady upward trend, with resistance at 87,500, a break above which could lead to 89,000-92,500. Support lies at 85,000-84,000. Ethereum is moving in tandem, albeit at a slower pace, with resistance at 2850-2880, a break above which could lead to 2980-3030. Support is at 2760-2680. Yesterday's analysis suggested the downtrend had temporarily ended, recommending buying at lower levels. Unfortunately, Bitcoin didn't reach the expected pullback level, while Ethereum gained considerable ground. Further trading based on this strategy is recommended. Trading Strategy: Bitcoin: Buy at 85,000-85,500, target 86,500-88,000, stop loss below 83,000; Ethereum: Buy at 2760-2790, target 2850-2950, stop loss below 2700. These strategies are time-sensitive; please refer to the homepage for specific details and private real-time guidance.