The current price is 87811, and the four-hour chart does not show a clear bullish arrangement: the higher lows are merely a weak rebound within a consolidation phase, and a solid support zone has not been established. The current upward movement is driven by short-term sentiment and not a strong attack. The widening volatility is a sign of increasing divergence between bulls and bears, rather than a buildup of bullish strength. A slight pullback within a single day is not profit-taking but rather a passive correction after bear pressure. Following the subsequent rise, adjustments will continue, so do not misjudge this as a trend initiation.
Trading suggestion: Short around 88500-89000, target: 87000, 86500 #Gate广场圣诞送温暖
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$BTC 11.26 Morning BTC analysis
The current price is 87811, and the four-hour chart does not show a clear bullish arrangement: the higher lows are merely a weak rebound within a consolidation phase, and a solid support zone has not been established. The current upward movement is driven by short-term sentiment and not a strong attack. The widening volatility is a sign of increasing divergence between bulls and bears, rather than a buildup of bullish strength. A slight pullback within a single day is not profit-taking but rather a passive correction after bear pressure. Following the subsequent rise, adjustments will continue, so do not misjudge this as a trend initiation.
Trading suggestion: Short around 88500-89000, target: 87000, 86500
#Gate广场圣诞送温暖