11/26 Bitcoin (BTC) Market Analysis and Trading Suggestions
Last night, the price of Bitcoin experienced a pullback, breaking through the first support level of 95,000 dollars. The bearish pressure increased, and the price further fell below 93,000 dollars, currently stabilizing and slightly rebounding.
Although the price has pulled back, compared to the previous increase of tens of thousands of points, this adjustment of a few thousand points is not sufficient to indicate a trend reversal.
At present, from an overall structural perspective, the market is still dominated by bulls.
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Therefore, the trading strategy suggests maintaining a low position to go long, with a target price looking towards 96,000 dollars.
The current support range is between 93,800 to 93,200 dollars, and long positions can be established within this range, waiting for the price to rebound to the target level.
