11.24 Bitcoin Market Analysis Reference

After a series of consecutive declines, Bitcoin continued to consolidate and recover over the weekend. During the day, the price rebounded after a pullback and is currently in the area above 86,000. The price has already touched short-term resistance at the high, so pay attention to the new intraday high. If the rebound fails to break through and stabilize above this area, there is still a risk of a further pullback for support. On the other hand, if it breaks upward, the price is expected to move further towards the 90,000 level.

From the short-term hourly chart, the market is currently under pressure and pulling back, with the rebound showing relative weakness in the short term. It is expected that the price may further test the downside. Key focus is on the 85,000 support area; as long as it does not break, the market will continue to consolidate within the range. Otherwise, further downside will be explored. For now, the strategy remains to “sell high, buy low.” Watch resistance at 89,000 above and support at 85,000 below. If this support holds, a downward trend is unlikely to be triggered at this stage. If there is a pullback, you can consider entering long positions; set stop-loss if the level is breached, and follow the trend with short positions if it breaks down, aiming for short-term profits.

11.24 Bitcoin Short-Term Trading Strategy Reference:
Test short positions at 87,500-88,500, stop-loss at 90,500, stop-loss: 500, target below 86,500.
Test long positions at 85,300-84,300, stop-loss 500, stop at 80,000, target above 86,300. #逆势上涨币种推荐 #美联储会议纪要将公布 #比特币行情观察 $BTC $GT $ETH