11.25 Bitcoin Market Analysis
The 4-hour closing of Bitcoin mentioned in the early morning is of great significance. When the price closed above 97700, it was like igniting the fuse of the rise. The market rose with the trend and reached the highest area near 98400. It can be clearly determined that this round of 4-hour level callback market has come to an end, and the overall trend market will continue to rise and attack various short-term resistance levels.
In view of the current market trend, intraday operations should take low-level long as the main strategy, and resistance level shorting can be used as an auxiliary means. The two cooperate with each other to maximize returns and effectively control risks.
Operation suggestions:
97200-97500 range long, target 98500, 99000, 99500 three positions. If the resistance level is blocked and pulled back, you can stop profit and wait for low-level to continue to buy more, or short short to eat the pullback!
