11.26 Early Morning Bitcoin
Bitcoin faced downward pressure around 86100 in the morning before a slight rebound, but the momentum has clearly weakened, currently trapped in a range between 87500 and 86500.
The four-hour chart signals are clear: after a surge in the early morning, the upward momentum suddenly depleted, with bears making a strong comeback resulting in three consecutive bearish candles, leaving bulls helpless! It must be clear: a rebound is not a reversal, and blindly chasing highs can easily lead to passive positions; high short positions remain the current core trading logic, and one must not ignore the bearish-dominated market pattern!
Bitcoin trading suggestion: rebound near 87500-87000, looking down towards 86000-85000; if broken, continue looking down.
