November 20th, Thursday morning operation strategy
Currently, the price of Bitcoin is stuck around 91600. Over the past two days, the 4-hour line dropped to 88500 and then bounced back, giving a bit of a "stop-loss stabilization" feeling, but don't rush in.
Long opportunity: Wait for a pullback to the 90500-91000 range to buy low, and if it stabilizes above 90600 (MA5), then add positions. Set the stop loss at 88500 (if this support breaks, it's basically hopeless), and target first at 93400 (resistance level), and if it can push through, then look at 95300.
Short opportunity: If it reaches 93400-93500 and doesn't push through, short directly, set the stop loss at 94000, and target around 91000.
Why do I see it this way?
Short-term indicators are giving a little "sweet spot": MACD has just crossed golden, and KDJ is also turning upwards, indicating there is rebound momentum on a smaller scale; but the larger trend is still bearish—moving averages are all in a bearish arrangement, the price hasn't even touched MA10, and during the decline, volume increased while the rebound saw reduced volume, a typical "weak rebound".
The funding situation is even more interesting: over at the contracts, more than 800 million U has secretly flowed in, but the spot market is still throwing out 190 million U, which means "futures are pushing up, and spot is pushing down". Whether this rebound can hold is really hard to say.
In summary: It is now a "short-term rebound in a bearish fluctuation". Don't be greedy when going long; run when it reaches the resistance level; if the rebound weakens, it's safer to go short directly.
