Cryptocurrency Scholar: Bitcoin is preparing to face the impact of 99000 on 11.28! Short liquidations are about to ignite the market!

　　The current price of Bitcoin is 96250, it's now 3:20 AM Beijing time. Yesterday, Bitcoin's target of over 91500 and 95000 was taken profit, but the final stop loss at 95600 for the shorts at 95000 resulted in a gain and a loss. The bullish trend continues with a U-shaped transition appearing in the teacup pattern, whether the U-shaped transition can occur remains to be verified temporarily. The upper target can refer to the round figure of 99000; after all, this wave of pullback has liquidated most of the on-chain bulls, and the main force has impatiently started the short liquidations. This situation is no longer suitable for chasing long positions; chasing highs and killing lows is not within our trading system. For sudden surges and dips, we should wait for stagnation before making a decision. The bullish trend continues,

　　The daily K-line reached a high of 96550 and a low of 91800, standing on the EMA15 trend support of 92000 before stretching. The MACD is shrinking downwards, with DIF and DEA currently showing a downward bearish trend at high positions. The Bollinger Bands are showing contraction, with the upper pressure level reaching 103000, and the mid-level support focusing on 90500. The large-scale span exceeds 10000 points, and the KDJ's downward diffusion is obstructed and begins to contract. The overall trend is in the top divergence contraction phase, with a high probability of a sudden spike market. Everyone can place short orders above 100000; for now, market sentiment is predominantly bullish.

　　The four-hour K-line has returned to the high position of the EMA trend indicator, and the U-shaped indicator is becoming more apparent, with an excessive high point at 98000. Defense should be at 99000. The MACD has shown an increase in volume accumulation, forming a golden cross with DIF and DEA. The upper Bollinger Bands pressure level references 99000, and the KDJ is expanding upwards about to enter overbought territory. In the absence of extreme market conditions, bulls still hold a dominant position. Therefore, the suggestion is to buy on pullback support, as the large-scale trend is bullish, using support points as entry points for long positions in the short term, remaining cautious and not going short. For those who want to short, it is advised to set good stop-loss levels and not hold positions against the trend.

　　Short-term strategy reference:

　　Short from 98000 to 99000, with defense at 99500, stop loss at 500, target looking at 97000 to 96000, break point looking at 95000.

　　Long from 94500 to 95000, with defense from 64000 to 93500, stop loss at 500 points, target looking at 96000 to 96500, break point looking at 97000.

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