Crypto Circle Academician: The short-term bullish layout strategy for Bitcoin on November 26 remains unchanged. As long as the major trend support does not break, short-squeeze signals frequently appear!
The current price of Bitcoin is 95,400, and it is now a little past 2:10 AM Beijing time. How many people followed yesterday's big move at 96,150? The real-time strategy provided a target of 98,000. I saw many old followers followed along, while new followers were lamenting. No need to rush; there are plenty of opportunities. This wave has made a profit of 1,800 points. There hasn't been a short position entry, and the reason is simple: the major trend support is unbroken. All pullbacks should be treated as short squeezes. Follow the trend and don’t take counter-trend positions. As long as this pullback holds above 95,000, we can continue to enter bullish positions.
Looking at the market, the daily K-line reached a high of 98,900 and a low of 94,500. The EMA15 trend fast line support has come down to 91,700 and has not yet finished stretching. It is expected to meet with the K-line in the coming days to form a key support point, which can be focused on. The MACD volume is decreasing, and there is a possible top divergence entering a contraction phase. The DIF and DEA are contracting at high levels, and we cannot rule out the occurrence of rapid rises and falls. The upper pressure level of the Bollinger Bands has contracted to 104,000, and the mid-band support has stretched and broken 88,800. The KDJ is spreading downwards, indicating that the market has ended the overbought phase and is entering a consolidation and repair phase. The bullish trend remains, and pullbacks are opportunities.
The four-hour K-line is about to touch the ascending trend support point and the EMA60 intersection at 94,300. The MACD is contracting downwards, with DIF and DEA showing high-level divergence approaching the zero axis. The KDJ has formed a death cross, and all indicators show a bearish trend. However, with the major bullish trend still in place, the minor bearish trend should seek support for long positions. As always, the major trend is bullish; we mainly go long in the direction of the trend. All pullbacks should be treated as short squeezes. At the key support, go long, ensure good defense, and set stop losses. If wrong, cut losses and do not hold positions against the trend.
Short-term strategy reference: The market is never 100%, so always set good stop losses. Safety first; small losses and large profits are the goal. The strategy focuses on going long at support during pullbacks, with shorts as a supplement. Look more and act less; do not hold positions against the trend.
Below, go long from 95,000 to 94,500, with defense from 94,000 to 93,500, stop loss at 500, target at 96,500 to 97,000, and if broken, look at 97,500 to 98,000.
Above, go short from 98,000 to 98,500, with defense from 99,000 to 99,500, stop loss at 500 points, target at 97,000 to 96,500, and if broken, look at 96,000 to 95,500.