Those who followed the long positions yesterday reaped huge profits, securing 150-180 points in gains on Ethereum and exiting with perfect profits! Let me first give you a market overview: This rally was not an isolated event. Coinciding with the lead-up to the US Thanksgiving holiday, both traditional and crypto markets strengthened in tandem—all three major US stock indices closed higher, with Oracle rising over 4% and AMD rising over 3% among tech stocks, and European stock markets also following suit; commodities such as gold and crude oil rebounded, the US dollar index fell slightly, and even Coinbase and crypto mining company stocks surged. It's clear that funds are flowing back into risk assets, and market sentiment has completely recovered. Looking at the technicals, this rebound has solid support: Bitcoin's daily RSI has rebounded from oversold territory, and after establishing support at the $80,000 level, it has formed a bullish structure of "higher lows + higher highs." The 4-hour chart has also broken through the downtrend line, indicating strong short-term momentum. Ethereum is even more impressive, with a bullish MACD crossover. After stabilizing at the 61.8% Fibonacci retracement level, it directly broke through the key resistance of $3,000 and is expected to challenge the 50-day EMA at $3,483, likely outperforming Bitcoin. Finally, a reminder: although the market is strongly recovering, don't blindly chase the highs after a single-day surge! For Bitcoin, the key level to watch is whether it can hold above $90,000, and for Ethereum, it needs to hold above $3,000. These two levels are crucial for determining whether the market is bullish or bearish. Furthermore, the $92,000-$95,000 range represents strong resistance for BTC, and there may be profit-taking during the rebound. In terms of trading, always set stop-loss and take-profit orders, and control your position size to avoid missing out on the rebound while also avoiding being trapped by greed. The market is now watching two signals: first, whether trading volume can continue to increase; and second, whether altcoins can follow suit and confirm a full recovery. Market conditions are constantly changing, and this article is subject to change. Please refer to the information on my homepage for more details, and I will primarily provide private, real-time guidance!
Ethereum long positions have been a resounding success. How should we proceed with our operations to secure stable profits?
2025-11-27 08:11:15
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