The current trend is evident to all. Looking at the Fibonacci retracement line (as shown), the trend has bottomed out, forming a deep 'V' reversal, and the future market for Bitcoin remains unclear!
【Analysis of Bitcoin price trend from the four-hour chart】
K-line pattern:
Recently, the price has fluctuated within the range of 96000 to 97000, forming a consolidation pattern. After a significant rise earlier, it is currently in a high-level consolidation, and may face downward pressure in the short term.
Technical indicators:
MACD: Currently, both DIF and DEA are negative, but the MACD histogram is gradually shrinking, indicating that bearish strength is weakening, and a rebound is expected.
KDJ: The KDJ is currently rising and positioned above 50, breaking through towards above 70, indicating that the bulls are strong in the short term, with further room for growth!
RSI: The RSI is around 55, not entering the overbought or oversold zones, with market sentiment being neutral to slightly bullish.
EMA: The price is currently running above EMA7 (95222.6), with a short-term upward trend; however, it is approaching EMA30 (95181.7), and attention should be paid to whether it can effectively break through to confirm a stronger upward trend.
Morning Bitcoin stable short-term profit layout on 11/28:
It is recommended to enter long positions near Bitcoin 95800-96000, with a short-term target take-profit point at 96800. If it breaks through 97000, continue to hold! (Those who are cautious can exit partially, and the remaining portion can be held until 100000)
If there is a retracement, it is recommended to add positions near 95100, with take-profit point at 96500-96800!