11.25BTC Afternoon Market Analysis

Looking back at the market from the morning to the afternoon, the big coin (大饼) faced resistance at the highest point of 89053 and fell back to the low point of 87378 before stopping. Subsequently, it entered a short-term sideways consolidation. Therefore, based on the current market situation, we still maintain the mindset that any rebound is an opportunity to sell.

On the four-hour level, after the price tested the support of the middle band of the Bollinger Bands and closed with consecutive bullish candles, it has remained trapped between the middle band and the upper band. The key losses during the day have not been recovered for a long time, and there is a long upper shadow hanging above the K-line body. The selling pressure at high levels has surged like a tide, directly declaring the complete exhaustion of bullish momentum, and the inability to rise has become a foregone conclusion. The market structure has completed the switch led by the cone head, and the high short strategy can be continued in the future.

BTC is around 87200-87500, targeting around 86700.
The price is around 2880-2900 for Erbing, targeting near 2840.