11.24 Monday Evening Bitcoin Analysis:

In the afternoon, Bitcoin fell back from 88000 after being pressured, and multiple attempts to test this level by the market ended in failure. Our short-term strategy of going short was also successfully executed!

From the 4-hour chart, the Bollinger Bands are narrowing and opening upwards, indicating intense competition between bulls and bears, with signs of a bottom forming. The focus going forward is on the 85800 support level; if it does not break with significant volume, we will look towards 88000!

Trade Recommendation:

Buy Bitcoin around 85000-85500, with a target of 87500-87500.