On November 28th, Thursday, Bitcoin's early morning analysis!
From a technical structure perspective, on the daily level, the price is oscillating under pressure at the middle track, with the running channel in a narrowing downward state, bearish volume continues to arrange, there are virtual pillars but no signs of decreasing volume, the moving averages are turning upwards but failing to maintain, and it cannot be said that there are obvious signs of a significant decline in the trend, but currently, there is no demand for upward surges.
On the four-hour level, the structure shows an upward pin testing, presenting a retracement trend, bullish volume is insufficient, and the running channel is difficult to open upwards, the moving averages are gently turning, and the rhythm in the shorter cycle still leans towards a weak downward consolidation. For future strategies, we will primarily focus on short positions.
Personal trading suggestion for Bitcoin: short around 96,500, with a target of 95,500-94,500. If it breaks below, continue to look downward! #美PCE年率创半年来最大增幅 #美国续请失业金人数创三年新高 #市场波动，加仓还是观望？ #美国GDP数据即将公布 #币安HODLerTHE $BTC $ETH
