Liang Qiu: Bitcoin/Ethereum Continues to Fluctuate Narrowly on November 29th; How to Seize Opportunities Amidst This Fluctuation?

Bitcoin/Ethereum has been trading in a narrow range for the past few days. Yesterday, we again adopted a strategy of shorting first and then going long after the initial rise, especially after the price reached 92600 and 3080, where we added to our short positions. The subsequent drop to 90200 and 3010 resulted in a relatively good overall profit margin. The long position we entered early in the morning failed to reach the entry point and instead experienced a weak rebound. In fact, we have repeatedly emphasized in recent days that in such volatile markets, it's best to take profits on price movements, whether long or short. On the daily chart, Bitcoin closed with a long upper shadow after yesterday's rise, and today's rebound was also weak, indicating a continuation of the downtrend and signs of weakening trend. The recent price action has been consolidating, forming a small-range fluctuation pattern. The price failed to maintain its upward momentum after last night's rise. On the 4-hour chart, the MACD histogram is gradually shortening, indicating weakening bullish momentum. While the daily chart remains above the zero line, the fast and slow lines are converging, requiring close monitoring of the subsequent direction. The 4-hour moving averages are forming new resistance, suggesting a potential pullback. Trading suggestions: Short Bitcoin around 91,000-91,500, target around 89,000; Short Ethereum around 3030-3050, target around 2960, with further downside potential if it breaks through. [The above analysis and strategies are for reference only; please bear your own risk. Article review and publication may not be timely; please refer to real-time information.]