Market analysis on November 28: After the rebound at the 1-hour level for Bitcoin, it is expected to experience another wave of downward fluctuation.

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5 hours ago

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As expected yesterday, Bitcoin has started a 1-hour level rebound. This rebound is still missing a 15-minute level increase, with attention on the area around 98000~99000. After the 1-hour level rebound is completed, it is expected that Bitcoin will continue to oscillate downwards for a few days, revisiting around 90000. Altcoins will also need a few days to adjust, leaning towards oscillation.

Overall, after Bitcoin's adjustment is complete, a new wave of upward movement is expected to begin. The recent pullback in Bitcoin has not significantly affected most altcoins; for instance, Ethereum and its related tokens have continued to rise. This indicates that the short-term adjustment is not a collective phase adjustment but merely a wave of adjustment in the upward trend, with some altcoins returning to prices from a few days ago. As I have repeatedly mentioned in the past few days, those who are bullish should be a bit bolder, and not assume the bull market is over at the first sign of a pullback. I have been earnestly advising everyone; if you can't take it in, then there's nothing more I can do.

In the community, we also recommended ENS around 17 and 16, and this morning when I woke up, ENS had already reached 34, successfully doubling. If anyone is interested in joining the spot trading group, feel free to message me privately.

Speaking of this, I have to ask, do you think the altcoin season has arrived?

Personally, I believe the altcoin season has quietly begun. However, we are still in the early stages of the altcoin season, and it is still far from its peak state. The peak state should see most coins rising from the bottom, generally establishing a base of 5~10 times. Some coins with good liquidity and hot effects could see increases of 20~40 times, and a few dark horses could rise to 100~250 times.

The reason we are currently in the early stage of the altcoin season is that most coins have just started to show some improvement. Despite many coins rallying recently, they are still at low levels. In the early stage of the altcoin season, we need to let go of the fear of heights and broaden our perspective. For example, if a coin rises from a low of 0.12 to 0.3, do you think that is a high point? You might be afraid of buying it, fearing it will be cut in half. However, it is very possible that its upward potential could reach as high as 2.5 dollars. So in a bull market, expand your imagination and do not use your bear market mindset to participate in trading.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market conditions at the time of publication. Short-term players should pay attention to the latest market changes, which should only be used as a reference.

1H:

At the 1-hour level, it is more likely that there will be a rebound here before oscillating downwards again. It may first consolidate in a 1-hour level central area, then revisit around 90000 to complete a 4-hour level pullback. After the 4-hour pullback is completed, a new wave of upward movement towards 120000 is expected. Therefore, it is estimated that a few more days of adjustment are needed in the short term.

Currently, we will see if the 1-hour level rebound reaches around 98000~99000, and then we will see a third 1-hour level decline.

15M:

At the 15-minute level, there should normally be another 15-minute level rebound here, with the upper focus on 98000 and the lower support around 94350.

ETH

For Ethereum, if I switch to a 30-minute level to analyze, the structure may be clearer (the 15-minute level structure is somewhat chaotic and does not meet current needs). The 30-minute level has consolidated a central area, and the highest point of the upward segment has reached 3684. Here, a 30-minute level pullback is expected, and after the pullback, there will be another 30-minute central area buy signal to push towards around 3700.

In the short term, it is uncertain whether the 30-minute level pullback will revisit the 3550~3500 range; this can be observed further. If it does not break below 3440, the short-term upward movement will continue.

At the 1-hour level, the structure is still optimized to reflect the upward segment of the 1-hour level central area, with the upper target focusing on around 3700~3750. After the 1-hour rebound ends, there will still be a 1-hour level pullback, focusing on the 3400~3500 range. After that, it is expected to continue rising, with the hope that this 4-hour level rebound could reach around 3900~4000.

Trend Direction

Weekly Level: Direction is upward, currently in a new weekly level upward movement, with an overall target above 150000.

Daily Level: Direction is upward, with the daily level expected to reach around 120000.

4-Hour Level: Direction is downward; if it does not break 99500, it should still be a 4-hour level pullback.

1-Hour Level: Direction is upward; after the 1-hour level rebound ends, the price will again oscillate downwards to complete a 4-hour level pullback.

15-Minute Level: Direction is upward; it is expected that there will still be a 15-minute level increase towards above 97200.

Feel free to follow my public account for discussions and exchanges:

The article is time-sensitive; please pay attention to risks. The views expressed are personal suggestions and for reference only!

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