2024-11-26 BTC Market Analysis

Yesterday, BTC fell from 98999 to as low as 92666 in the early hours of today, rebounding to 95000 around noon before once again hitting a new low at 92405. Baisheng publicly provided two bearish trading ideas regarding this trend, confirming a cumulative space of 5500 points. In total, 8 trades were executed, achieving gains of 5880 points in BTC and 304 points in ETH, with a total profit of 190,000 USD.

Currently, the first 1-hour pullback has ended, and it is likely to maintain a range-bound fluctuation for a period or move towards a rebound near 96000, followed by a second 1-hour level decline back to the 91000-90000 range.

According to the rising pattern of this bull market, the pullback period usually lasts between 7-14 days, and today marks the 5th day. Therefore, left-side players looking to buy the dip will need to wait patiently for a while.

Short-term

The morning's analysis accurately predicted the reversal point at the upper range, but the lower range was breached, so the next rebound's high point will theoretically be lower. It is expected that a rebound could occur later, reaching around 94500. $BTC $ETH #ETH市场新动向 #比特币盘整分析 #BTC☀ #BTC☀️ #BTC走势分析

Direction: Bearish

Sell Point 1: Around 94500

Sell Point 2: Around 96000