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Bitcoin and Ethereum trend analysis and trading strategy for November 29th!

2025-11-29 08:15:24
Shareshare
From a daily chart perspective, Bitcoin opened and closed bearish around 90800. After testing the resistance level of 93000, the price retreated, closing below 91500. The current resistance level of 91500-92000 is effective; a break above this level would target 93000-94500. Support levels are 90500-90000, with a break above that level targeting 88000-87000. Ethereum closed with a bullish doji candlestick around 3030. The price also tested the resistance level of 3100 before retreating, closing below 3030. The current resistance level of 3030-3050 remains effective; a break above this level would target 3170. Support is at 2950, with a break above that level targeting 2850. On the 4-hour chart, Bitcoin consolidated at high levels before attempting to break through the 92,500-93,000 level, only to encounter resistance and pull back. A break above this level could target 93,000-94,500, while a decline could see a return to the 88,500-86,500 range. Ethereum followed a similar pattern, consolidating before encountering resistance and pulling back at the 3080-3100 level. A break above this level could target 3170, while a decline could see a return to the 2950-2850 range. The long positions in Bitcoin and Ethereum opened the day before yesterday only reached their expected targets last night. Bitcoin reached 93,000 while Ethereum reached 3100. The long positions opened yesterday failed to be filled before the breakout occurred, but it was emphasized that the long positions from the day before yesterday could be held for further upside. Now that the market has reached the expected targets, the strategy should be shifted to shorting for a pullback. Trading Strategy: Short Bitcoin at 91000-91500, target 90000-89000, stop loss above 92500; Short Ethereum at 3030-3060, target 2950-2900, stop loss above 3100. These strategies are time-sensitive; please refer to the homepage for details and receive private real-time guidance.
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