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⏰ Event Duration: Nov 18, 00:00 - Nov 28, 00:00 (UTC)
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Short-term trend:
Currently, the price of Bitcoin is hovering around $97,000, and the market is seeking further breakthroughs. The highest daily K-line has already broken through $97,800, with a distance of 1,200 points from the target of $99,000.
The EMA15 fast line support has reached $87,600 and is still pulling up. MACD has a top deviation with a large volume, the market's greed index has broken the 90 mark, the upper pressure level of the Bollinger Band is at $102,000, and the middle support follows at $83,000.
Operation recommendation:
Before reaching $99,000, you can observe whether the Order Book has a pullback. If there is a valid pullback support, you can continue to go long and get on board with the trend.
Be alert to risk prevention, set the stop loss at 500 points.
The bear trap hammer line that appeared in the early morning of the four-hour candlestick indicates that the short-term bearish trend in the market is obvious, and the pullback is also very clean. This bear trap is a big lesson for us, as 94200 shorts did not choose to exit at the 93000 support level.
short term reference:
Long at 95000 to 95500, target at 96500 to 97000, 97500 to 98000 if broken, stop loss 500 points.
Short at 99000 to 99500, target is 98000 to 97000, break below to 96000 to 95000, stop loss 500 points.
In summary, BTC is currently between the key technical support and resistance levels, and both market sentiment and technical indicators indicate the possibility of further upward movement in the short term. However, investors should remain cautious, strictly set stop loss, and avoid possible short-term Fluctuation. At the same time, continue to follow market news and economic data to better understand the background and driving factors of BTC price Fluctuation.