11.25 Bitcoin market analysis reference

After Bitcoin's price fell for two days without breaking below the 85000 level, the market consolidated over the weekend. The price retraced to the early morning hours before making a rebound, currently trading around 88600. The high has already touched the key resistance area above, with resistance still focused around the 90000 level. If the rebound cannot break and stabilize in this area, there is a risk of price retracement support. Conversely, if there is an upward breakthrough, the price is expected to further test advances.

The daily chart shows a continuous rebound pattern for three days, with a single candle bottoming out on November 21, stabilizing above 85272 to form a short-term bottom structure. On November 24, a bullish candle broke the previous day's high of 88127, but after touching 88834, it fell back to 88520, indicating significant selling pressure near the 89000 key level.

In terms of technical indicators, the daily MACD's DIF (-5718) remains below the zero line, but the green bars (-1340) have shortened for two consecutive days, indicating a weakening bearish momentum. The hourly MACD golden cross (366/163) shows a slight bullish bias. The moving average system is in a bearish arrangement, with the current price of 88520 still below all EMAs (7-day 88625 > 30-day 98084), but the hourly level has stabilized above EMA7 (87715), indicating short-term support. We hope everyone is prepared. The support below focuses on the 85000 area; as long as this area holds, a downward trend will not be initiated.

11.25 Bitcoin short-term trading strategy reference:

Short entry point 89500-90500, stop loss at 92500, target below 88500,

Long entry point 85300-86300, stop loss 500, add position at 83000, target above 87300, #BTC #ETH #美国非农数据超预期