On the morning of November 24, 2025, the cryptocurrency market showed signs of a volatile rebound. Bitcoin continued to rise over the weekend, while Ethereum followed suit but with relatively mild performance. Combining technical indicators and capital flow, the current market is at a critical juncture of a tug-of-war between bulls and bears, making short-selling opportunities near the short-term resistance levels worthy of attention.

Bitcoin: Rebound meets resistance at the upper Bollinger Band, 89000 becomes the dividing line for bulls and bears

Since the weekend, Bitcoin has started a rebound, with the price climbing from $86184 to an intraday high near $89000. As of the time of writing, it has retreated to $87752, with a maximum intraday increase of over 3.2%. From a technical perspective, the current price has touched the upper Bollinger Band on the 4-hour chart. The $89000 level is not only a previous area of dense trading but also the lower boundary of a descending channel, forming a double strong resistance; the support level below focuses on the starting point of this rebound at $86184, with further support visible at the middle Bollinger Band at $85500 and the round number of $85000.

The short-term trend shows clear conflicting signals: the 2-hour chart indicates that bullish momentum continues to accumulate, with the price starting a phase of upward movement from $80600, forming a prolonged bullish trend; however, core technical indicators have issued warnings— the Williams indicator is in the overbought range, MACD momentum is gradually weakening, and a death cross has formed in the 5-minute cycle, increasing short-term pullback pressure. In terms of capital flow, although a large amount of capital has entered the market since November 22 to drive the rebound, it is important to note the characteristics of the weekend market: foreign traders have lower participation, and the preference of Chinese traders for long positions has dominated the short-term market, while mainstream overseas capital remains primarily short, with no fundamental change in the medium to long-term bearish trend.

In terms of operational strategy, it is recommended to seize short-selling opportunities near resistance levels: $87000 as the first execution point, and $86000 as the second target; if the price breaks below $86000 and further below the middle Bollinger Band at $85500, one can follow the trend to short. Additionally, if the market continues to rise to new highs of $88000, $89000, etc., one can gradually position short orders, with a short-term target locking in a profit space of 300-500 points, while closely monitoring the formation signal of the 4-hour MACD death cross, with a high probability of a reversal occurring around 7 AM.

Ethereum: Technical pattern relatively mild, range-bound oscillation pattern unchanged

Compared to Bitcoin's strong rebound, Ethereum has shown more stability, with the price fluctuating around $2798 at the time of writing, and the technical pattern is in a relatively neutral position. The 4-hour chart shows that the upper Bollinger Band resistance for Ethereum is at $2868.5, the middle band support is at $2780, and the key support below is at $2753, with clear short-term range-bound oscillation characteristics, and bearish strength weaker than Bitcoin.

On the indicator level, Ethereum's MACD is at a certain distance from both the golden cross and death cross, with the momentum bars showing a reduction trend. If a signal of the K-line turning from green to red appears around 8 AM, a short-term bearish trend may emerge. The 12-hour chart shows that the price has just broken through the $2798 support level; if it can stabilize at this position, there may be further upward momentum, with a key focus on the breakthrough of the $3000 round number; if it fails to stabilize, it may follow Bitcoin's synchronous pullback, and the effectiveness of the support at $2753 will become critical.

In terms of operations, it is recommended to use the Bollinger Band range as the core reference, positioning short orders in the $2850-$2868.5 resistance range, targeting a drop to $2780-$2753, with a profit space of about 30-100 points; if the price breaks through the $3000 round number, the strategy should be flexibly adjusted, and the risk of trend reversal should be monitored. Currently, the 5-minute and 15-minute cycles have formed a death cross, with clear short-term pullback signals, allowing for opportunities to short in line with the trend.

November 24 Layout Sharing:

Bitcoin short at 87500-88000, take profit at 86500-86000-85500

Ethereum short at 2850-2830, take profit at 2800-2750-2700

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