On Thursday, November 27, do not chase high prices on the way up, continue to short during the intraday rebound.
Recently, the trend of Bitcoin has been relatively strong. After two days of oscillation, it broke through and rose at midnight, currently around 91800. As of yesterday, there has been an increase of nearly five thousand points. Although it is in a slow rising state in the short term, the overall trend structure is still bearish. The strategy remains unchanged, continuing to hold a bearish outlook.
In terms of the overall daily trend, it is still in a downtrend. Although there has been a bottom-fishing rebound in the short term, it does not indicate a reversal of the trend. The rebound lacks significant strength, and the coin price remains in a downward channel. In the direction of the larger cycle, whether it's the monthly K, weekly K, or daily line, all are in a weak shape. Therefore, regardless of how the market rebounds at the moment, I firmly hold a bearish view.
On Thursday afternoon, it is recommended to short Bitcoin at 92000-92500, with a target of focusing on the 86000-84000 line.
Always feel that you are very unfortunate; there are many people who are suffering more than you. It's not that the road has come to an end, but that it needs to change.
