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Don't remind me again today

The movement in the early morning was quite interesting. The price was pumped from 90092 to 91954, but then it got dumped right after. Now it's stuck at the 91000 position grinding.



Looking up, there is quite obvious resistance around 92000 to 92200, and it is not easy to break through in the short term. Looking down, the key supports are the integer level of 90000 and the low point of 90092; if broken, it will be troublesome. On the technical side, the green bars of the daily MACD are shrinking, but have not turned red yet; on the hourly level, it is even more tangled, as the golden cross quickly turned into a dead cross. The Bollinger Bands are starting to narrow, and the price is still hovering below the middle track, making it very difficult to have direction in the short term.

#美联储恢复降息进程 basically follows Bitcoin, bouncing from 2960 to 3052 before dropping back to around 3000. The resistance is at 3050-3080, while the support is at 2950-2980, with the lower Bollinger Band providing some support. The MACD signal is also tangled, but the narrowing of the Bollinger Band indicates that a trend reversal might be imminent.

Overall, both BTC and ETH do not have a clear direction right now. My personal suggestion is to not rush into the market; wait for BTC to either stabilize above 92000 and move up or break below 90000 and move down, then follow the trend accordingly for a safer approach. Just keep ETH in sync with BTC's rhythm. Also, remember to set a stop-loss and keep an eye on the changes in trading volume, as well as the linkage with the tech sector in the US stock market.
BTC-0.56%
ETH-1.84%
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FundingMartyrvip
· 11-30 23:50
Again dawdling around 91000, it really is frustrating. If it can't break 92, then just smash down, anyway, it was agreed to wait for the signal to act. Being stuck below the middle band feels the worst, no one can predict what the next step will be. The stop loss is set, just waiting for that moment of market turning point.
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CounterIndicatorvip
· 11-30 23:50
Playing around at 91000 again, it's pointless, let's wait for a breakout before discussing.
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SmartContractRebelvip
· 11-30 23:48
The 91000 position really can't hold, it feels like there will either be a big pump or a big dump, can't hold it anymore.
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BearHuggervip
· 11-30 23:47
How long has it been grinding for 91000 cards here? It's really annoying, just not giving a definite signal.
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LayerZeroHerovip
· 11-30 23:39
It turns out that this range oscillation is the most tormenting. At 91000, it can't go up or down, feeling like it's testing the patience of the market.
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MidnightTradervip
· 11-30 23:25
91000 this price level is indeed tough, it feels like the market maker is grinding the market. If it breaks 90000, I have to run, I've learned to be smart this time. The market turning point is coming quickly, the contraction of the Bollinger Bands is a precursor, just waiting for the direction to emerge. BTC is stagnant and ETH is also lying flat, this market really torments people. Set the stop loss properly, otherwise one plummet and everything is gone. The US stock market is going to affect us again, really annoying. With such strong pressure at 92000, thinking about a breakthrough is wishful thinking. Wait to enter again, no need to rush, good opportunities are still ahead.
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