$BTC Evening analysis of Bitcoin and Ethereum market on November 29

When the price rises, I feel conflicted and don't add to my position; when it falls, I panic and rush to cut losses, lamenting the missed opportunity and feeling trapped. The market always moves in the opposite direction: when you chase the rise, it falls; when you cut losses, it rebounds. After countless late nights watching the market, in the end, I only earned a screen full of red and green and a heart full of fatigue. In the early morning, the price surged to a high of 92323 before facing pressure and retreating, dipping to a low of 90155, then gradually warming up, maintaining a narrow range of oscillation between 90000-91000 in the afternoon; Ether, like Bitcoin, surged to a high of 3044 in the early morning but lacked momentum, starting a continuous downward trend, touching a low of 2982, and maintaining weak oscillation in the afternoon, fluctuating narrowly around the 2980-3000 range.
From the daily perspective, the trend has a clear signal of strengthening, with short-term bullish momentum prevailing. The daily chart shows a bullish engulfing pattern, with the price firmly above the key level of 90000, and it has successfully broken through the upper Bollinger Band, which is expanding upward; from the four-hour perspective, after the price surged to around 93000, there was a technical pullback, and currently, it is oscillating around the 90000 - 91000 range. This level shows significant selling pressure around 91900, while there is support at 90500, making it temporarily difficult to form a sustained breakthrough trend. Overall, it is primarily in a range-bound consolidation phase to digest previous gains, situated in a phase of oscillation after the surge; from the one-hour perspective, the range-bound characteristics are evident, and the volatility continues to converge. The price mainly fluctuates within a narrow range of 90500 - 91900, with no clear one-sided trend. Operations need to be based around key points with light positions while strictly managing stop-losses.
Operating suggestion: Bitcoin is hovering around 90300, targeting 91500, with a stop loss at 89800.
Ether is around 2970, targeting near 3070, with a stop loss at 2920.
#Bitcoin Market Observation