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11.28 Friday midday review
The subsequent bullish midday Bitcoin made an effort to break through 92000 after four consecutive upward candles, but was met with bearish resistance around the 91700 point and began to pull back. This time, the upward attempt is steadily moving up after fluctuations. There may be a breakthrough of 92000 in the evening.
From the 4-hour level, the bulls started to oscillate upwards after a large bullish candle pulled up to 90000 in the early morning of 11.27, and after failing to break through the 92000 mark, a slight pullback occurred. Currently, from the candlestick chart, there is continuous oscillation around 90410——92000. From the 1-hour level, the bulls have shown multiple instances of 4 consecutive bullish candles, indicating a strong bullish momentum. Even after a dip, they can quickly pull back. Currently, there have been 3 attempts to break through 92000, with the highs getting lower. If there is no effective breakthrough, it is necessary to consider a potential bull trap.
The big pie suggests going long at 90843 with a target around 91500. If there is no sign of breaking through 92000 in the subsequent evening, consider switching from long to short.
Buy around 2999 for Ethereum, with a target near 3030.