The current price of Bitcoin is 95,850. It is around 10 o'clock Beijing time. Let's review: yesterday the price was above 95,100, and finally, profit was taken at 98,000, gaining 3,100 points. Many fans were affected by this liquidating wave, and their positions were nearly wiped out. I often say that the essence of trading is survival. Those who can listen and execute are still alive. Everyone can take a look at the Bitcoin trend in early November and compare it with the current trend.

Looking at the order book, the daily K-line had a highest of 98,270 and a lowest of 94,250. The EMA15 trend line support has turned into the current resistance level of 96,700. The next trend line EMA30 is worth paying attention to at 92,700. For those looking to long at the bottom, the stop-loss can be set below the previous low of 90,500, with the target looking at EMA15. The trend has not completely reversed yet, and the EMA trend indicator is still bullish. The MACD is decreasing, and DIF and DEA are trending downwards; the top divergence trend support point is near the 90,000 mark. The Bollinger Bands are still contracting, and the K-line has fallen below the midline of 97,000, starting to test the lower band at 92,700. The upper band resistance is at 101,300, and the short position is already very clear.

The four-hour K-line has broken below the EMA12 trend line at 95,700, and the overall trend indicator has begun to spread downwards, entering a bearish phase. So everyone can consider trying to short, as the trend is starting to lean towards bearish, so don't stubbornly go long. The MACD is decreasing, and both DIF and DEA have also entered below the zero axis, along with the Bollinger Bands opening downwards. The K-line has broken below the lower band at 95,400, which is a typical secondary leap. During the pullback, pay attention to the resistance level above 95,500 for a potential short position, while for longs, focus on the support below the trend line at 92,000.

Short-term strategy reference: Real position at 97,800 to enter short, with targets for the previous low to take profit and a pullback at 96,500 for taking profit. Everyone can refer to this; as long as the pullback does not break 96,500, it can be held.

For the upper range of 96,500 to 97,000 short, with a stop at 97,500, stop-loss of 50 points, and targets looking at 94,500 to 94,000, breaking down to 93,500 to 93,000.

For the lower range of 92,000 to 91,500 long, with a stop at 91,000, stop-loss of 500 points, and targets looking at 93,000 to 93,500, breaking up to 94,000 to 94,500.