The short-term rebound of Bitcoin is a trend correction, not a reversal signal! With Thanksgiving approaching, liquidity in the US stock and cryptocurrency markets is expected to contract, and the capital game may weaken or amplify emotional fluctuations. Currently, the upward trend lacks fundamental and volume support, and its sustainability is concerning.
The price of Bitcoin is nearing the previous key resistance zone, and the rebound high is a good opportunity for a long position! Focus on the support strength at the 9000 level; a break here will confirm a trend reversal signal, and the downside potential is expected to further expand.
Tip:
The Bitcoin rebound to around 92200, 93000 can layout a short position, with the initial target at 89000, and if broken, then look down to 88000;
The second coin rebounds around 3070 and 3120 for a short position, looking down to 2950, and if it breaks, follow it down to 2900. #十二月降息预测 #反弹币种推荐
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November 27 Bitcoin/Ether Evening Analysis:
The short-term rebound of Bitcoin is a trend correction, not a reversal signal! With Thanksgiving approaching, liquidity in the US stock and cryptocurrency markets is expected to contract, and the capital game may weaken or amplify emotional fluctuations. Currently, the upward trend lacks fundamental and volume support, and its sustainability is concerning.
The price of Bitcoin is nearing the previous key resistance zone, and the rebound high is a good opportunity for a long position! Focus on the support strength at the 9000 level; a break here will confirm a trend reversal signal, and the downside potential is expected to further expand.
Tip:
The Bitcoin rebound to around 92200, 93000 can layout a short position, with the initial target at 89000, and if broken, then look down to 88000;
The second coin rebounds around 3070 and 3120 for a short position, looking down to 2950, and if it breaks, follow it down to 2900.
#十二月降息预测 #反弹币种推荐