11.27 Mainstream Currency Analysis and Strategies
Preface: Contentment is the key to happiness
Market review: The market fluctuated in a narrow range around 37700 over the weekend until it fell last night, reaching a low of around 37100 before rebounding. The current price is fluctuating around 37200. This decline was expected, as mentioned in the previous article, but the height of the rebound was not perfect. However, during this process, Qi Ling exited the previous short position with a profit of 400 points, and the long position was successfully pulled below 37300 by covering and reducing the position.
Market analysis: The weekly line closed with a doji, the bullish volume shrank, but the bullish trend did not change.
The daily line closed with a negative sign and the subsidiary indicator still opened downward above the zero axis. The oscillation indicator wanted to go down and the market tested the daily level rising trend line that had been verified many times yesterday.
From the 1-hour perspective, the market is still bullish, and a periodic resistance has been formed near 37700. Other subsidiary indicators are currently pointing downward. And pay attention to the upward channel in the upward trend.
BTC intraday recommendation: Buy when it retreats to the daily trend line, with a target of 38,000.
The above analysis is for reference only and does not constitute investment advice.#BTC #BLAST #Onchain #cbdc #etf $BTC $ETH $BNB 
