On November 25th, Monday, Bitcoin morning analysis!
From a technical structure perspective, on the daily chart, the price has pulled back after a high, not reaching the middle track, currently forming consecutive bullish candles recovering. The bullish energy bars have shrunk without releasing too much bearish space, which aligns with our repeated emphasis on the trend of bullish pullback repairing the upward movement. The moving averages also show signs of turning upward, so we won't elaborate too much on the trend.
From the four-hour chart, the running channel continues in a downward opening state, with the price testing the weakness up and down recovering. The bearish volume is arranged in a shrinking consolidation, and the moving averages show some signs of deviation. In the small cycle shape, it still maintains a weak trend, entering a phase of consolidation repair.
Bitcoin trading suggestion: Go long near 97700, target looking at 98200-98700. If it breaks through, continue to look upward!#ETH市场新动向 #美国众议院通过比特币法案 #ADA突破1美元 #谁将成美SEC新主席？ #BTC创历史最大月度涨幅 $BTC $ETH
