11.24 BTC ETH evening thoughts

BTC: The key resistance remains unchanged, still prioritizing short positions tonight.

Despite the warming expectations in the market for a rate cut by the Federal Reserve in December, which provides some emotional buffer for risk assets, BTC is still in the recovery phase after an oversold condition, lacking any true trend reversal signals. The current rise seems more like a weak rebound under renewed pressure; without having positioned long orders in advance, shorting on the pullback remains the most cost-effective strategy.

From the perspective of the market, BTC is in line with the intraday rhythm - after being pressured at the 88100 level, it oscillated downward, reaching a low of around 85600 before showing a weak rebound, but the structure has not yet reversed. The area between 87500 and 88100 remains a core resistance, and it is also the starting point of the previous two highs and subsequent declines, where short funds continue to show strong performance.

ETH: The weak rebound pattern remains unchanged, and the resistance zone continues to struggle to break through.

ETH maintains a weak rebound rhythm throughout the day, oscillating repeatedly near the mid-track on both the 15-minute and 4-hour charts. The upper range of 2840–2880 has been repeatedly resisted, with multiple attempts yielding no results, and bearish selling pressure remains evident. On the technical side, although the MACD shows a golden cross, the momentum is weak; the RSI is also hovering in the 45–50 range, showing more recovery than counterattack. The daily line remains below the Bollinger mid-track, with the trend not having reversed, and the rebound appears more like a corrective action.

Personal suggestion
BTC: Enter the range of 87500-88500, target down to look at 85000, 83000, if it breaks down look at 80k!
ETH: Enter at 2860-2900, target down to 2800, 2740, if it falls below look at 2600!
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