Silk Road on the morning of 11.26

Looking back at yesterday's market, Bitcoin surged to a high near 88450 but faced resistance, then the price fluctuated and fell back, hitting a low around 87000 and starting to consolidate. Ethereum performed relatively weakly during the day, showing a clear downward trend in the afternoon, with the price gradually falling from the morning high of 2940, reaching a low of 2855.
From the four-hour chart structure, after several rounds of turbulence and consolidation, the persimmon market has formed a clear head and shoulders pattern: the lows are continuously rising, building a step-like support, and after multiple bottoms, a solid support band has formed. Currently, it has once again initiated a strong upward momentum. The current expansion of volatility is a normal performance in the head and shoulders accumulation phase. As the trend advances, the expectation for a pullback has continued to decrease. A slight pullback within a single day is not a signal of a trend reversal; reasonable pullbacks during the upward journey are a natural process for the market to digest profit-taking. Its core function is to accumulate energy for subsequent rallies and breakthroughs to new highs. Therefore, morning operations are recommended to follow the trend principle, primarily focusing on placing head and shoulders orders at the core support level, closely following the current head and shoulders trend rhythm.
Operation Recommendations
Bitcoin: fluctuating around 87100-86900, target near 88500.
Two pies: around 2930-2910, target near 3100