11.27 Bitcoin Market Analysis Reference
Bitcoin is under pressure during the day and enters consolidation, with the price rebounding near the 86600 position in the evening. The current trend is running near the 90,000 mark, and the short-term bulls are gradually warming up and recovering. On the daily chart, the recent price has formed a double bottom structure, with the lows at 80600 on November 21 and 85272 on November 24. The market subsequently broke through the neckline at 88500 and accelerated upward to 90418. On the four-hour chart, there have been three consecutive large-volume bullish candles (from 01:00 to 04:00 on the 26th), but the latest K-line has closed with a long upper shadow at the 90000 integer mark, indicating short-term selling pressure.
In terms of technical indicators, the daily MACD's DIF and DEA have achieved a golden cross below the zero axis, currently at -5242 and -5180, with the histogram turning red; the four-hour MACD fast and slow lines have broken through the zero axis and continue to rise, with values of 565 and 218. In the moving average system, the price is currently stable above the daily EMA7 (88692), but still under pressure from EMA30 (96901); on the four-hour level, EMA7 (89106) crosses above EMA30 (87925). Moving forward, the focus should still be on the stability around the 90,000 level. If stability is achieved, the price is expected to continue upward; otherwise, it will revert to consolidation. It is recommended to take light short positions on rebounds,
11.27 Bitcoin short-term trading strategy reference:
Short entry point 90500-91500 short, stop loss 93500, target below 99000,
Long entry point 86300-87300 long, stop loss 500, defend 84000, target above 88300,
