Yueying: Bitcoin and Ethereum Market Analysis for November 27th - Rebound is an Opportunity for Short Sellers (with Current Price Recommendations)

Let's see today's sharing! Bitcoin Technical Analysis — Bitcoin's daily chart shows a strong upward breakout above the 90,000 mark with a solid bullish candlestick. Intraday opening saw continued upward testing. The Bollinger Bands are trending downwards but showing signs of narrowing, while short-term moving averages are turning upwards. The MACD fast and slow lines are turning upwards with increasing volume, and the KDJ is crossing upwards, but watch for resistance around the 100 level. The VR indicator is consolidating around the 50 level. On the 4-hour chart, after finding support near the lower Bollinger Band, the price rebounded with consecutive bullish candlesticks, breaking through the upper Bollinger Band. The Bollinger Bands are widening, short-term moving averages are turning upwards, the MACD fast and slow lines have broken through the zero line and are extending upwards with increasing volume, the KDJ is crossing upwards, and the VR indicator is consolidating around the 110 level. Overall, although the market has seen a decent rebound and breakout, in Yueying's view, the overall trend remains bearish. Therefore, short-term rebounds should focus on selling. Additionally, the Thanksgiving holiday in the US stock market may lead to decreased liquidity. Short-term support is around the 90,000 level; a break below this level could lead to a move towards 88,000. See short-term recommendations below. Bitcoin Short-Term Recommendation: Short at current price 91450 (add to short position at 92500) (Take profits as needed after strategy activation). Ethereum Technical Analysis — After breaking through 3000, Ethereum retraced to the resistance around 3080 mentioned above. The short-term resistance is effective, so expect a pullback. The overall technical analysis should be referenced in conjunction with Bitcoin. If it breaks through the previous high, watch for resistance around 3150. Support is around 2950-2930. See short-term recommendations below. Ethereum Short-Term Recommendation: Short at current price 3035 (add to short position at 3120) (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!