After the Monday morning close, the price comparison also remained in a volatile adjustment phase, while the afternoon market continued to weaken. The lowest point of the current market once again retested and broke below the 86,000 level. Overall, the tone still leans toward weakness, and the Asian session didn’t stir up much volatility. The real direction will still be decided by the Americans, who tend to have emotional breakdowns over the weekend and come in to reap profits on Monday. Additionally, it’s worth noting that this week, with Thanksgiving and Black Friday back to back, the US stock market will be closed on Thursday and will close early on Friday, so the real action will be in the first three days.

As for the BTC chip structure, the bottom range of 82,000-85,000 had only 310,000 coins four days ago, but now it has risen to 796,000 coins. This amount is not just retail investors bottom-fishing—those who know, know. Looking at the market, the 4-hour chart shows that the early candle tested the upper band at 88,100 without pressure, but the Bollinger Bands are currently flattening out. After short-term pressure, there hasn’t been a further retest of the mid-band, making it look more like a bear trap to stimulate the current market. The Asian session has been churning for a while, still waiting for the US market to bring volume in the evening. This pullback looks more like a structure probing the bottom before a secondary rebound. Currently, major cycle resistance levels are holding around 90,600. For this round, look at the 88,100-90,600 range for taking profits on a bullish reversal.

BTC can go long at 85,500-86,000, target around 88,500. ETH can take a light long position around 2,800, target around 3,000. #btc #eth