Yueying: Bitcoin and Ethereum Market Analysis for November 29th - High-to-Low Price Movement Perfectly Predicted, Continue to Short on Rebound

The short position on Bitcoin mentioned above has moved within a range of approximately $2000. Looking at the daily chart, the price rallied and then pulled back, encountering resistance around the middle Bollinger Band. The previous candlestick closed as a bearish candle with an upper shadow. Intraday trading opened with narrow-range fluctuations. The Bollinger Bands are narrowing, short-term moving averages are turning upwards, the MACD fast and slow lines are crossing upwards with increasing volume, the KDJ is showing signs of turning downwards, and the VR indicator is consolidating around the 50 value. On the 4-hour chart, the price rallied and then plunged back below the 7-day moving average. The Bollinger Bands are showing signs of narrowing, short-term moving averages are turning downwards, the MACD fast and slow lines are crossing downwards with increasing volume, the KDJ is extending downwards, and the VR indicator is consolidating around the 80 value. Overall, the price movement is in line with the above expectations, currently maintaining high-level consolidation. With poor liquidity over the weekend, the price movement may be limited. The short-term strategy remains to sell on rallies, focusing on the resistance around the previous high. This is the short-term recommendation. Bitcoin Short-Term Recommendation: Short at 91200 (Take profits as needed after strategy activation). Ethereum's previous strategy didn't yield much profit, so we won't discuss it further. Currently, the daily and 4-hour charts show a similar trend to Bitcoin, continuing to fluctuate at high levels. The short-term strategy is to refer to Bitcoin's price action, focusing on shorting on rallies. See the short-term recommendation below. Ethereum Short-Term Recommendation: Short at 3048 (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!