11.28 BTC analysis

Yesterday, Bitcoin fell into a narrow range consolidation, with a fluctuation range locked at 2000 points, peaking around 91930 before facing downward pressure. The current retracement trend continues, and the tug of war between bulls and bears has become tense. The Bollinger Bands on the hourly chart are continuously narrowing, with short-term focus concentrated on the effectiveness of the support at the 90,000 level. If this position is lost, the price may test the 88,000 level on the 4-hour midline; if it can hold the support, there is a possibility of a rebound to test the daily midline resistance. The overall consolidation pattern remains unchanged, with key support levels at 90,000 and 88,000.

Short-term trading strategy reference

Short position trial: enter in the range of 92000-93000, target looking towards below 90500.
#十二月降息预测