Analysis of Bitcoin (BTC) Market on November 25
The 4-hour closing of Bitcoin mentioned in the early morning is of great significance. When the price successfully closed above $97,700, it seemed to ignite the fuse of the rise, and the market rose accordingly, reaching a high of around $98,400.
From this point, it can be clearly judged that this round of 4-hour level correction has ended, and the overall upward trend will continue, and it will then attack various short-term resistance levels.
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According to the current market trend, the intraday operation recommendation is to mainly go long at low levels, and at the same time combine shorting at resistance levels as an auxiliary means. The combination of the two can help maximize profits and effectively control risks.
Operation suggestion:
Go long in the range of $97,200 to $97,500, with target positions of $98,500, $99,000 and $99,500 respectively.
If you encounter a resistance pullback, you can consider taking profit and waiting for the price to fall back to a low level before going long, or use short-short operations to capture the pullback market.
