Yueying: Bitcoin and Ethereum Market Analysis (November 28th) - Short positions were correct; will Friday's market action help short sellers stage a dramatic price action?

The short position on Bitcoin given above has been placed at the current price, but the price action has been limited, moving only about $1000 so far. The strategy was correctly positioned. Looking at the daily chart, the previous candlestick closed as a small bullish candle, halting the upward trend. Intraday trading opened with high-level consolidation. The Bollinger Bands are trending downwards but showing signs of narrowing. Short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards, and the volume bars are turning red with increasing volume. The KDJ is extending upwards; pay attention to the resistance near the 100 level. The VR indicator is consolidating around the 50 level. The 4-hour chart shows a continued narrow range trading with small candlesticks at high levels. The Bollinger Bands are trending upwards, while the short-term moving averages are generally upward, but the 7-period moving average shows signs of turning downwards. The MACD fast and slow lines have crossed below the zero line but are showing signs of turning downwards, with the volume bars continuing to shrink. The KDJ indicator is crossing downwards, and the VR indicator is consolidating around the 90 value. Overall, the market is in a narrow range at high levels, with a probability of a sharp drop. The current price level is a key resistance area, so the short-term strategy should continue to be to sell on rallies, using the previous high as a reference. If a strong rally occurs, buying can be done below 928000. Short-term support is at the 90,000 level; a break below this level would accelerate the downward movement to test the 89000-88000 range. See short-term recommendations. Bitcoin Short-Term Recommendation: Short at 91500 (add to short position at 92500) (Take profits as needed after strategy activation). Ethereum's trend is similar to Bitcoin's, also in a narrow range at high levels. The short position at 3035 mentioned above only moved a few dozen dollars, temporarily finding support around 2980. Technical analysis is limited, but refer to Bitcoin for reference. The short-term outlook is consistent. A break below short-term support will accelerate the downward test of the 2930-2900 area. The first resistance level to watch is the previous high, followed by the area below 3150. See short-term recommendation. Ethereum Short-Term Recommendation: Short at 3030 (add to short position at 3120). (For more cryptocurrency analysis, click the image to see the homepage introduction) — I am Zhou Yueying.