#数字货币市场回升 Afternoon Market Watch | 11.29 Market Observation

BTC's surge last night was quite strong, shooting directly to 93080, but it couldn't hold and fell back to 90100. The high position short orders we placed made a profit.

The current price is swaying around 90800. On the daily chart, it was pushed back when it reached the middle track position, and the 4-hour level has started to weaken again, with the hourly channel continuously narrowing downwards. Given the market conditions this weekend, along with a noticeable decrease in volume, the strategy today is still primarily to short on rallies, while a rebound can be attempted at lower levels.

From an operational perspective, you can try to short around 91500, aiming first at the integer level of 90000. $BTC $ETH $BNB

BTC-6.08%

ETH-7.1%

BNB-8.34%

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MentalWealthHarvester

· 11-30 10:15

93080 has been dumped again, this wave is really a nightmare for suckers, those who caught a falling knife at high positions must be crying. Short orders have indeed profited, but it still feels like the 91500 level isn’t very stable. With such a significant drop in volume, are you still daring to chase shorts? The weekend is originally a devil's time; you never know if some news will come and reverse the trend on you. Whether 90000 can hold above is another question; right now, it looks a bit fragile.

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TestnetNomad

· 11-29 04:41

Last night that wave at 93080 was really fierce, the short order was a blast, now it's just bumping around 90800, which is boring. With the volume so weak this weekend, is it safe to short at 91500? I always feel like we might get tricked into a higher wave. The 90000 round number is quite addictive, the historical resistance is right there. The 4-hour weak signal is obvious, but be careful of the rebound, don't get liquidated.

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GhostAddressMiner

· 11-29 04:41

I knew that the peak of 93080 would crash. I've been observing the on-chain footprints of those large addresses for a long time; the capital migration trajectory is very clear... The market maker just wants to suck the last batch of suckers' chips. While you are still looking at the Candlestick, I read it through the contract data a long time ago. This rebound is purely a bull trap.

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AirdropATM

· 11-29 04:39

The high-level short order has made money again, this rhythm is comfortable. When it drops back, we should continue to press; whether the 90000 barrier breaks or not is the key. With the volume shrinking like this, how are we going to play on the weekend? We'll have to wait until Monday.

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DaoGovernanceOfficer

· 11-29 04:34

empirically speaking, the data on retail traders trying to time these bounces suggests most will get liquidated before hitting 90k... but sure, let's pretend channel analysis works in 2024 🤓

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