Silk Road on the afternoon of 11.27

The morning market rebound continues, with Bitcoin stretching to the 91850 line and Ethereum reaching the 3070 line. The retracement provided in the morning has once again been perfectly validated, with short-term targets hitting the expected direction as anticipated. The morning analysis clearly stated that Bitcoin should focus on buying around 90000 and Ethereum should focus on directly buying around 3000. Bitcoin directly reached 91757, gaining over 1690 points, while Ethereum reached 3070, gaining over 50 points. This rhythm is such that the strength established in the morning fundamentally lays the groundwork for the subsequent direction. After the selling pressure reduces, it will lessen the hindrance to the targets. Compared to the upward space, the current pullback space is still defined as a correction rhythm that remains unchanged.

Currently, the market appears to have entered a correction phase again, which is a key confirmation for the subsequent momentum of the market. It also indicates that the price comparison is building a new upward platform. It is evident that the market has sufficient momentum reserves and technical patterns, and it is unlikely to turn to a deep adjustment in the short term. After the correction is completed, it is expected to gradually regain previous positions. From the analysis of short-term price comparison trends, the support at the lower level continues to strengthen while the pressure at the upper level gradually weakens. In the future, the market is likely to continue its upward rhythm. Even if there are pullbacks during this period, they can be seen as the market accumulating strength. The subsequent strategy should be to maintain a pullback and then catch opportunities as they arise.
Operational Suggestions
Bitcoin: Fluctuating around 91100-90900, target near 92500.
Two pancakes: around 3020-3000, target near 3100.