11.27 Afternoon Thought Analysis

From the four-hour chart, after a significant surge in price, the cryptocurrency has once again shown three consecutive bullish candles, continuing the strong overbought momentum from earlier this morning. After breaking out of the previous three-decline range, the bulls concentrated their volume to promote this round of price increase. After a prolonged accumulation period, although there is a strong demand for correction in the market, the current price trend suggests that the large bullish candle from this morning merely represents the main upward wave of the price rebound. Following the consolidation and correction in the future market, the subsequent B wave is expected to lead to an even fiercer bullish counterattack. From a short-term hourly perspective, after a series of bullish candles quickly formed an overbought situation, the price did not follow expectations to undergo a certain degree of correction; instead, it has entered a slow upward recovery phase with small consecutive bullish candles. The current overall consolidation is not only correcting the market indicators but also preparing for the further buildup of the next B wave surge. The rapid upward expansion of the Bollinger Bands is also opening up an upward channel for the future price increase. The bullish outlook remains unchanged, and any pullbacks can be met with buying!

Operation Suggestions

The pancake is around 91000, pay attention to around 92500.

The concubine is around 3000, pay attention to around 3150.