Mr. Crypto: November 29th Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis and Reference, with Trading Strategies Included

Bitcoin maintained a rebound-testing-the-lowering trend throughout the day, failing to hold above the 93,000 resistance level before a rapid pullback. It is currently nearing the 90,000 mark, trading around 9,700. The price has fallen from around 93,000 to around 90,100, forming a pattern of lower highs and lower lows. The current price of 90,661.57 is in a short-term consolidation phase. Although it has tested the 90,000 support level multiple times, significant selling pressure and resistance at the daily chart's midline have prevented a decisive breakout. Technically, the MACD's DIF is hovering near the zero line and gradually crossing below the DEA, with the histogram continuously contracting, indicating weakening upward momentum and the possibility of further downward adjustment. In the EMA system, the 7-day EMA (91289.40) and 30-day EMA (91236.76) are in a bearish alignment, suggesting a potential further downward test in the short term. The 120-day EMA (89500) will be a key support level. However, as long as this key support level is not broken in the short term, the short-term pattern will remain unchanged. Operationally, it is recommended to focus on shorting on rebounds. Bitcoin short-term trading strategy for November 29th: Short at 92500-93500, stop loss at 95500, target below 91500. Long at 88500-87500, stop loss at 500, stop loss at 84000, target above 89500. Ethereum short-term strategy for November 29th: Lightly short at 3060-3105, stop loss at 30 points, target below 3000. Long at 2881-2831, stop loss at 30 points, target above 2920. There may be a delay in article delivery; the strategy suggestions are for reference only. Market conditions change rapidly. No matter how confident you are in your market judgment, always use stop-loss and take-profit orders to secure profits.