#ETH走势分析 November 29th early morning review: Bitcoin and Ethereum are both quite tangled.
The market has been sluggish today, with significant fluctuations. Suddenly in the evening, there was a spike that directly pushed the price back down.
Looking at the hourly chart, it's clear what's going on—the long upper shadow is particularly striking. What does this indicate? There is too much selling pressure above; the bulls tried to push up but were knocked back down. The four-hour chart shows it even more clearly, with two bullish candles followed by a bearish one, leaving upper shadows each time it rises—a typical pattern of a peak and retracement. The bears are currently in control, and the previous gains have mostly been erased.
In the short term, bearish sentiment is still spreading.
However, there is a key position to pay attention to. If the price pulls back to near the support, you might consider buying at a low position to bet on a rebound.
**How to do it specifically:**
Bitcoin can be bought in the range of 89800 to 90400, to see if it can rebound to around 91500-92000. For Ether, 2990-3010 is a good entry point, with a target looking towards 3085-3100.
Of course, you need to control your position and set a stop loss properly. In this kind of volatile market, don't go all in. $BTC $ETH
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CantAffordPancake
· 1h ago
Another long wick candle? This trader really has some skills, they always manage to hit my stop loss.
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ApeEscapeArtist
· 14h ago
It's the same old Long Wick Candle again, it's so annoying every time. The short positions are not joking this time, we have to wait for a pullback before we dare to act.
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screenshot_gains
· 11-30 02:56
It's both a Long Wick Candle and a shadow line, this routine happens every day. When will we get a straightforward outcome?
View OriginalReply0
NftBankruptcyClub
· 11-28 18:10
It's all about Long Wick Candle and shadow candles; I'm tired of this routine, can we stop? The short positions are really ruthless.
View OriginalReply0
EthSandwichHero
· 11-28 17:48
The long wick candle is here again, teaching us how to stop loss.
View OriginalReply0
CryingOldWallet
· 11-28 17:48
It's both a Long Wick Candle and a shadow line, damn this market is really annoying. Looking at that long shadow line makes me want to curse, the long positions are getting beaten badly.
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UncleLiquidation
· 11-28 17:44
Once again, the Long Wick Candle has appeared, and each time it gets slammed back. The short positions are really fierce.
View OriginalReply0
LayerZeroHero
· 11-28 17:42
It's another day of Long Wick Candle, the short positions are really a bit fierce.
#ETH走势分析 November 29th early morning review: Bitcoin and Ethereum are both quite tangled.
The market has been sluggish today, with significant fluctuations. Suddenly in the evening, there was a spike that directly pushed the price back down.
Looking at the hourly chart, it's clear what's going on—the long upper shadow is particularly striking. What does this indicate? There is too much selling pressure above; the bulls tried to push up but were knocked back down. The four-hour chart shows it even more clearly, with two bullish candles followed by a bearish one, leaving upper shadows each time it rises—a typical pattern of a peak and retracement. The bears are currently in control, and the previous gains have mostly been erased.
In the short term, bearish sentiment is still spreading.
However, there is a key position to pay attention to. If the price pulls back to near the support, you might consider buying at a low position to bet on a rebound.
**How to do it specifically:**
Bitcoin can be bought in the range of 89800 to 90400, to see if it can rebound to around 91500-92000. For Ether, 2990-3010 is a good entry point, with a target looking towards 3085-3100.
Of course, you need to control your position and set a stop loss properly. In this kind of volatile market, don't go all in. $BTC $ETH