11/22 BTC Market Analysis and Trading Suggestions
Bitcoin (BTC) is currently in a continuous upward oscillation trend.
Last night, its price retraced to the key position previously mentioned in the evening and then resumed its upward movement.
For those investors who have already entered this round of long positions, it is time to consider appropriate hedging operations to effectively lock in some profits and control potential risks.
From the intraday trend perspective, the area that needs to be closely monitored below is 95660 - 95000.
If this support area is broken and further declines occur, attention should be paid to the range of 93800 - 93400. On the upside, the critical resistance points are 99000 and 100000.
Investors can focus on the following key levels when making trading decisions: the upper levels of 99000 and 100000, the lower levels of 95660 - 95000, 93800 - 93400, and 91500.
Closely monitor the price performance near these levels in order to adjust trading strategies in a timely manner, seize opportunities brought by market fluctuations, and avoid risks.
