Bitcoin has shown a deep 'V' reversal trend, and the market outlook remains bullish; the goal of hitting 100,000 is not an unattainable task!

Yesterday, I pointed out that Bitcoin's previous pullback was merely to align with Ethereum's rebound market. The current trend corroborates my prediction.

Everyone can clearly see the current trend; Ethereum has again set a new high, and at the same time, Bitcoin has also risen. Analyzing through the Fibonacci retracement line (as shown in the figure), its trend has indeed bottomed out, thus forming a deep 'V' reversal, so the market outlook for Bitcoin remains positive!

【Analysis based on the four-hour Bitcoin price trend】

K-line pattern:

Recently, Bitcoin's price has been fluctuating back and forth within the range of 96,000 to 97,000, forming a consolidation pattern. After experiencing a significant rise, it is currently in a high-level consolidation phase and may face some pullback pressure in the short term.

Technical indicators:

MACD: Currently, both the DIF and DEA values are negative, but the MACD histogram shows a gradually shrinking trend, indicating that the bearish momentum is weakening, and a rebound is expected.

KDJ: At this moment, the KDJ indicator is trending upwards and is above 50. If it can further break through to above 70, it means that the bulls are performing strongly in the short term, and there is still room for an increase!

RSI: The RSI indicator is around 55, not yet entering the overbought or oversold area, indicating that the overall market sentiment is neutral to slightly bullish.

EMA: Bitcoin's price is currently running above the EMA7 (95,222.6), indicating that the short-term trend is upward; however, as it is close to the EMA30 (95,181.7), close attention is needed to see if it can effectively break through that line to confirm whether a stronger upward trend will form.

11/28 Morning Bitcoin steady short-term profit layout:

It is recommended to enter long positions when Bitcoin's price is around 95,800 - 96,000, with a short-term target profit point set at 96,800. If the price breaks through 97,000, it can be held further!

(Friends with a more conservative approach can first exit part of their positions, while the remaining part can continue to be held until the target of 100,000 is hit.)

If a pullback occurs, it is recommended to perform a buy operation around 95,100, with the profit point set at 96,500 - 96,800! #美国续请失业金人数创三年新高