Market analysis on November 30th, Bitcoin is currently undergoing a 1-hour level correction, observing the strength of the pullback.

CN
22 days ago

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In the market analysis over the past day or two, we believe that Bitcoin's 1-hour level rebound should reach the 98000~99000 range, and Ethereum should go above 3700. Currently, both have reached the expected target ranges. Bitcoin rebounded to 98615, and Ethereum rebounded to 3726, with the overall trend aligning with expectations.

At this point, we still lean towards Bitcoin continuing to run a 4-hour level correction, with a certain probability of fluctuating down to around 90000. For Ethereum, it is currently uncertain whether it will undergo a 4-hour level correction or a 1-hour level correction; we need to observe for another two days.

If this wave can smoothly provide a correction, it will undoubtedly be a very good entry opportunity in the short term.

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 and use this information as a reference only.

1H:

At the 1-hour level, as long as it does not break 99200, the overall situation remains a 4-hour level correction, so Bitcoin should still be in a state of fluctuating adjustment. The current expectation is for a third 1-hour level correction, focusing on around 93000. After that, there should be four 1-hour level rebounds and a fifth 1-hour level decline, overall consolidating into a 1-hour level center before extending downwards to complete a 4-hour level correction.

Alternatively, it could form a triangular convergence pattern to complete this 4-hour level adjustment. Therefore, there is no need to fear this correction; it is an opportunity. Long-term positions should continue to be held steadily.

15M:

At the 15-minute level, it should still be the first 15-minute level decline, focusing on whether it can break below 95000. Then there should be a second 15-minute level rebound and a third 15-minute level decline. A re-break above 97900 would negate this 1-hour level correction.

ETH

For Ethereum's monthly chart, the monthly close will be tomorrow morning. Ethereum's monthly line is a large bullish candle with a very small upper shadow, and the monthly MACD is about to lock in a golden cross. The monthly MACD is changing from a death cross to a golden cross, and the weekly MACD is also about to cross above the zero axis, indicating that a significant rise for Ethereum is coming. Additionally, there is news today that the net inflow of the US Ethereum spot ETF has exceeded that of the Bitcoin spot ETF for the first time in history. This also suggests that major funds may temporarily switch from Bitcoin to Ethereum. I mentioned this in the community on Monday.

Next, for Bitcoin's daily rise, the first target is around 4100, and the second target is around 5500.

At the 1-hour level, Ethereum is also expected to undergo a 1-hour level correction. First, we should focus on whether it breaks below 3440. If it does not break, there is a possibility of another 1-hour level rebound to above 3700. If it breaks below 3440, then Ethereum will also need to look for a 4-hour level correction, focusing on the 3100~3300 range.

Trend Direction

Weekly Level: Direction is upward, currently undergoing a new weekly level rise, with an overall target above 150,000.

Daily Level: Direction is upward, with the daily level rise expected to reach around 120,000.

4-Hour Level: Direction is downward; as long as it does not break 99200, it should still be a 4-hour level correction.

1-Hour Level: Direction is downward; it should already be undergoing a 1-hour level correction, focusing on around 93000.

15-Minute Level: Direction is downward; this is still the first 15-minute level decline, and there should be a subsequent 15-minute level rebound and a 15-minute level decline.

Feel free to follow my public account for discussion and exchange:

The article is time-sensitive; please be aware of the risks. The views expressed are personal suggestions and for reference only!

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