November 27 morning Bitcoin Ethereum market analysis and trading strategy

The short-term EMA5, EMA10, and EMA20 of Ethereum show a bullish arrangement, indicating a short-term upward price trend. This bullish arrangement often occurs when the market experiences an excessive price increase, especially after a rapid price rise, leading to a potential pullback. The upward momentum in the short term may face resistance.

The current price of Ether is close to the upper band of the Bollinger Bands at 3051, which means the price has entered a relatively high region and is far from the lower band at 2860. The market is in an overbought state, and the price may face the risk of a pullback. Therefore, the risk of continuing to go long in the short term is relatively high, while considering shorting may present a better entry point.

This price point is not suitable for blindly chasing longs, especially under the combined effect of multiple factors such as the price approaching the upper Bollinger Band, the weakening of short-term upward momentum, increased market volatility, and capital outflows, making short positions appear more rational.

Bitcoin: Short at 90200-90500, target: around 88500
Ethereum: 3025-3050 short: Target: around 2970

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