Positive signals for Bitcoin

① In the past month, it first stood above the middle Bollinger Band (90100)

② Yesterday, it recorded the largest volume bullish candle in nearly half a month (increase of 5.8%), while the same K-line on November 18 only had an increase of 0.81%

Overall, it is still within this wave of market oscillation range and is attempting to break through the upper boundary, with selling pressure being largely consumed and signs of volume support emerging.

From a technical perspective, there are still two key levels to break through:

① EMA20 (92000)

② The key resistance level of 93500

From a macro perspective, overall news is positive:

① Firstly, Vanguard Capital will open cryptocurrency ETFs and trading on its platform starting in December (assets of 110 trillion)

② The Federal Reserve has a change in leadership, and the probability of interest rate cuts in December has risen to over 90%

③ Bank of America recommends its clients allocate 4% of their assets to cryptocurrency

④ SEC's "Crypto Innovation Exemption" policy: allows for innovative on-chain product development

A wave of favorable policies has emerged, leaving MicroStrategy as the "lamb to be slaughtered." My plan is to first accumulate some spot positions, then add more once we stabilize at 92000 and 93500. If it breaks 88000, I will cut losses; it may not necessarily reverse, but it is worth the risk-reward ratio for BTC.