November 27 morning analysis:

BTC rebounded sharply after falling to 86260 last night. In the US market, it slowly rose under the influence of news, then surged rapidly in the early hours, currently touching around 91800. The support level of the short-term moving averages is near 90000, which was an important resistance level during yesterday's day session, now having swapped roles. It is evident that an overbought situation has emerged, and the short-term price fluctuations are too rapid, so be cautious of chasing highs and cutting losses.

The 4-hour chart continues to rise relying on the upper track, indicating a strong short-term trend. The support level has also moved up to the 90000 mark, maintaining the upward channel, and during the day, we can only follow the trend and buy low. The daily chart this round has bottomed at 80600, and whether it can make a V-turn is now more positively anticipated in the market.

Suggestion: Go long around 90400---90000, target 91800---92000;

The ETH amplitude is more stable compared to Bitcoin. It rose from around 2887 last night, currently reaching a high of 3070; unlike Bitcoin, there is noticeable resistance at 3100. After the rise, the short-term support level has moved up to 2980. The 4-hour chart also shows overbought conditions, so one must not open long positions at high levels. The daily chart shows consecutive bullish candles, and the moving average support level at 2970 has validated the previous value.

Suggestion: Do a long around 2980---2940, target 3040--3080.

The essence of contract trading lies in stability, then in light positions, and finally in reducing frequency. It is definitely worth your reflection and careful consideration!