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- 🎉 Gate Square — Share Your Funniest Crypto Moments & Win a $100 Joy Fund!
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$BTC Today's approach ↓
Good morning, it's Friday again, and the week is coming to an end. Looking back at yesterday, the market was thin due to the U.S. being closed for Thanksgiving, and volatility was low. Bitcoin attempted to rise near 91900 several times yesterday and today but failed and started to decline. The resistance ahead is still quite strong, and it seems unlikely to break through in the short term.
In the hourly chart, it can be seen that the short-term rebound has not yet reached the upper resistance level, and several consecutive bearish candles have formed, indicating that the price is clearly struggling to rise. Looking at the MACD and KDJ indicators, both are currently showing a downward bearish trend, and the short-term downtrend is likely to continue. Therefore, if trading today, one should wait for the price to rebound slightly before going short.
Bitcoin is near 91800-91500, looking down at 90000, if it breaks down, continue looking at 88000-87000.