Analyst Chen Shu: Bitcoin and Ethereum are consolidating sideways on November 30th; watch for a breakout from this sideways trading range.

Analyst Chen Shu: November 30th - Bitcoin and Ethereum are consolidating within a sideways range; focus on the breakout direction. Looking at the daily chart, Bitcoin has maintained a narrow consolidation range for several trading days. Although the price remains above $90,000, there hasn't been a strong upward breakout. The short-term sideways consolidation range remains between $91,000 and $90,000. The focus should be on the breakout direction within this range. An upward breakout could test the $93,000-$94,000 level, while a downward break below $90,000 could retest the $88,000 support level. Looking at the daily chart for Ethereum, it's clearly being suppressed by the 256-day moving average (MA256) around $3150. $3150 is currently a key short-term support/resistance level. A breakout above this level would suggest further rebound, while a failure to break above could lead to a return to a weak downward trend. The short-term support level to watch is the 256-day moving average (MA256) around $2900. Midday Trading Strategy (Written at 2:00 PM): BTC: Over 90,000, add to long positions on a pullback to 8.8, target 9.2/9.3; short at 9.3/9.4 with a 1-2000 point pullback target. ETH: Long at 2960, add to long positions on a pullback to 2900, target 3030/3080; short at 3100/3160 with a 6-100 point pullback target. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you! Welcome to leave comments below for discussion; I will reply to each one.