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Morning analysis on 11.26 📈
The Bitcoin price dipped to the 86100 level yesterday and then weakly rebounded, showing weak momentum, currently oscillating in the 87000-87500 range.
The four-hour chart signals are clear: after a spike in the early morning, the bullish momentum suddenly halted, and the bears counterattacked, resulting in three consecutive bearish candles, with the bulls unable to resist.
Rebound is not reversal; blindly chasing high prices can easily lead to pitfalls. The current main line is to layout high shorts.
Short around 88600-89500 for Bitcoin, target 85600-84600.
Short target around 2800-2759 for Ether near 3000
$BTC $ETH