11.26 BTC ETH morning thoughts

The popular candidate for the new chairman of the Federal Reserve tends to favor interest rate cuts, coupled with weakening employment and retail data, along with some prospects for a peace agreement between the U.S. and Ukraine. Overall sentiment is mixed — with bullish and bearish news blending together, the market is leaning towards volatility.

BTC's recent rebound touched around 88400 but was pressed back down. The daily line remains below the middle track, and there has been no substantial change in the trend; the rebound volume on the 4-hour level is very weak, and the KDJ is still in a high position showing divergence, indicating that the bears still have stronger control; after a high-level death cross on the 15-minute level, it is also weakening. In the short term, it is more of a technical pullback rather than active buying with real capital.

Overall, the current structure is "weak rebound + slightly bearish oscillation". The pressure above is very heavy, and any rebound basically provides an opportunity for bears to enter or increase their positions.

Personal suggestion
BTC: Enter in the range of 88000-88800, target looking down at 86000, 85000, if it breaks, look at 83000.
ETH: Enter the range of 2980-3020, target looking down at 2850, 2800, if it breaks below look at 2700.
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