November 12th Bitcoin Breaks New High: 90k Latest Market Analysis Reference and Trading Ideas
Bitcoin (BTC) Market Analysis
Overall Trend:
Bitcoin has seen strong bullish momentum recently, with prices reaching new highs at the 89,800 level. The market volatility after the elections has indeed been significant as expected, and in the short term, the market is showing a one-sided upward trend.
Technical Analysis:
Hourly Chart: The Bollinger Bands show clear signs of opening, with the market maintaining a fluctuating upward trend. As it approaches the 90,000 mark, if it successfully breaks through, prices are expected to test higher areas. Support and Resistance: The current key support level is in the 87,200-87,800 range. If this range is broken, it may pull back to lower support levels. If it successfully holds above the 90,000 mark, further increases are expected.
Trading Ideas:
Long Position: It is suggested to go long in the 87,200-87,800 range, with a stop-loss set at 86,000 and a stop-loss position at 85,800. The target price is above 85,000, which can be flexibly adjusted according to market changes. Risk Control: It is not advisable to blindly chase after price increases before a breakout, to avoid risks from market pullbacks.
The Altcoin Bull Market is Coming Soon!!
Current Layout of Several Altcoins!!
Expected Gains Exceed 45%!!
Leave a ‘999’ in the comments to get on board!!
No public non-constant support!!
