November 27th Starway Morning Analysis:

From the daily chart, Bitcoin closed down on Monday, retracing to around 86000 to test support. Yesterday it tested the bottom again, indicating some bottoming action. Today's bullish close shows that although the overall trend remains weak, it is correcting and laying the foundation for a subsequent rebound. Looking at the Fibonacci retracement, the upper resistance levels are approximately at 91000 and 94000, and it is only a few hundred points away from the first resistance level. In the short term, it may test and then retrace, but after the retracement, there is still room for upward movement, so the overall direction remains bullish.
On the four-hour chart, the price has formed a standard upward channel. After a period of consolidation, it has broken through the upper Bollinger Band and may enter a new round of upward movement. If it retraces to the bottom of the channel, it presents a great buying opportunity. Therefore, the strategy remains unchanged – buy on any pullbacks.
Suggested operation:
$BTC • Bitcoin: Long with a light position between 90200~89400, aiming for around 91600.
$ETH • Ethereum: Long around 3020-2930, target around 3080-3130. #ETH巨鲸增持 #比特币 $BTC