Analyst Chen Shu: Bitcoin and Ethereum strategies from yesterday (November 29th) yielded profits. The analysis yesterday provided a long position strategy for Bitcoin, which successfully entered at 9.08 and rebounded to a high of 9.3. Ethereum, starting at 3000, rebounded to a high of 3100. The long position strategy accurately predicted the lowest point, yielding profits of 2000/100 points. Congratulations to those who followed the strategy. Looking at the daily chart for Bitcoin, yesterday's candlestick was a green inverted hammer with an upper shadow. After reaching the 9.3 resistance level, the price began to fall. Short-term support is at the 5-day moving average (MA5) around the $90,000 psychological level. On the 4-hour chart, watch for a break and hold above the 120-day moving average (MA120) around 9.35. It is expected to fluctuate between $90,000 and $9.30. Focus on the direction of the breakout from this range. From the daily chart, Ethereum has formed a narrow range doji pattern for three consecutive trading days. The overall price remains under pressure from the 256-day moving average (MA256) around 3150. Until it effectively breaks and holds above 3150, the market can be viewed as continuing to fluctuate within a range. The key support level to watch on pullbacks is the psychological level of $3000. Midday Trading Strategy (Written at 12:00 PM):
Analyst Chen Shu: Bitcoin and Ethereum strategies from yesterday yielded profits on November 29th. After a surge followed by a pullback, watch for support at 90,000.
2025-11-29 04:11:15
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