MicroStrategy, the largest Bitcoin holding company among US listed companies, announced last night that it had purchased another 51,780 Bitcoins at an average price of $88,627 with $4.6 billion in funds, following its increase of 27,200 Bitcoins last week! As of November 7, 2024, MicroStrategy holds a total of 331,200 Bitcoins, with a total purchase cost of approximately $16.5 billion and an average holding price of $49,874 per Bitcoin.
　　
In terms of cryptocurrency, as Bitcoin fluctuated back and forth, the total amount of liquidation in the entire network reached US$336 million in the past 24 hours, with long positions liquidated US$203 million and short positions liquidated US$133 million, and more than 110,000 people were liquidated.
　　
After Bitcoin hit a low of $89,375 at around 10:00 last night, it rebounded again, reaching a high of $92,644 near midnight. But then selling pressure emerged, and Bitcoin continued to fluctuate between $90,000 and $92,000, constantly washing the market. As of the time of writing, the price was $91,627, down about 0.12% in the past 24 hours.
　　
Bitcoin daily chart
　

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First, according to the Bollinger Band indicator in the Bitcoin daily chart, the current price breaks through the upper Bollinger Band, indicating that the market is in an overbought state, and after the price breaks through the upper Bollinger Band by a large margin, it may face the risk of a correction. The Bollinger Band is in an open state, which indicates that market volatility will increase and the trend may continue.
　　
Secondly, according to the MACD indicator in the Bitcoin daily chart, the DIF line crosses the DEA line to form a golden cross pattern and is above the 0 axis, indicating that the current market is still in a bullish trend, and the MACD red bar chart has reached the top, indicating that the current bullish force is strong.
　
Finally, according to the KDJ indicator in the Bitcoin daily chart, the K-line value and the D-line value are at high levels, and the J-line value exceeds 100. There is a serious overbought phenomenon, and we need to be alert to the risk of short-term correction.
　　
Bitcoin four-hour chart
　　

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First, according to the Bollinger Band indicator in the Bitcoin 4H chart, the current price is between the middle and upper tracks of the Bollinger Band, and the bullish trend still exists, but the upward momentum has weakened. The Bollinger Bands are slightly closed, the market volatility may decrease, and the price may enter a period of shock or consolidation.
　　
Secondly, according to the KDJ indicator in the Bitcoin 4H level chart, the K-line value and the D-line value hover in the neutral area of ​​50-70, and the market has not yet entered an overbought or oversold state. The J-line value has a slight downward trend, indicating that the short-term market momentum has weakened, but the trend reversal signal is not yet obvious.
　　
Finally, according to the MACD indicator in the Bitcoin 4H level chart, the DIF line is approaching the DEA line, and is accompanied by the MACD green bar chart, but the bar is short, indicating that the current short force is weak. If the DIF line crosses the DEA line to form a dead cross, then there will be pressure for a callback in the short term. However, MACD is still running above the 0 axis, indicating that the overall bullish trend has not been broken.
　　
Comprehensive analysis shows that the market is in a clear upward trend, which is supported by Bollinger Bands, MACD and KDJ. However, multiple indicators show overbought signals and may face callback pressure in the short term.
　
In summary, the following suggestions are given for reference
　
It is recommended to short Bitcoin when it rebounds to around 92,600, with a target of 91,000 and a defense of 93,000.

It is recommended to go long on Bitcoin when it pulls back to around 90800-91000, with a target of 92600 and a defense of 90450.
　　
It is better to give you a correct idea and trend than to give you a 100% accurate suggestion. After all, it is better to teach a man to fish than to give him a fish. Suggestions can make money for a while, but ideas can make money for a lifetime! What I focus on is the idea, the grasp of the trend, the layout of the market and the position planning. All I can do is to use my practical experience to help you so that your investment decisions and business management will go in the right direction.
　　
Writing time: (2024-11-19, 16:50)
　　
(Text - Daxian Shuobi) Hereby declare: There is a delay in online release, and the above suggestions are for reference only. The author is committed to research and analysis in investment fields such as Bitcoin, Ethereum, altcoins, foreign exchange, and stocks. He has been involved in the financial market for many years and has rich experience in real-time operations. Investments are risky, and you need to be cautious when entering the market. For more real-time market analysis, please pay attention to the 伀重hao Daxian Shuobi to discuss and exchange together. #市场围绕90K