11/24$BTC [Early Trading]: Due to the Thanksgiving holiday, the U.S. stock market was closed. Bitcoin was basically in a volatile recovery market yesterday. Indeed, it has been continuously inserting pins up and down recently to continuously test the upper boundary of the box. Bitcoin should also need some shock adjustments. .
In the short term, we should still focus on the 37500-37700 area. It has been suppressed for so long, and the large-cycle upward trend line is catching up. It should take a few days to find a direction. Day operation ideas:
---Same as yesterday's view, the 37500-38500 area is a position where you can open a short position, and the stop loss is within 39000. Even if you don’t go short at the current price, don’t go long;
---Figure 2 liquidation chart, there are still many short liquidations at 37700;
--- Pay attention to the large-level upward trend line. If it falls below, it will reach the 35650-35250 area, and then below it is 34500 / 34050;
---The divergence from the top of the big cycle is very severe, and multiple divergences have occurred. Don't blindly chase the high. When you reach the position, go long when you need to go long, go short when you need to go short, and be prepared for a correction;
---I am still mainly short on the recent rebound. Unless 37500 is broken through and consolidates above here for a long time, then there is an expectation that it will continue to rise;
---The daily level bull structure destruction point is at 35730.
The market situation has not come out yet, so there is nothing to say for the time being. Follow-up supplements will be sent to the square.
Short-term support 37200 / 36950 / 36350 / 36150, resistance 37500 / 37700 / 38050 / 38250 / 38500