November 28 BTC Trading Strategy

The bearish conditions from yesterday were that both the 4-hour and daily levels were suppressed by moving averages, showing a retracement trend. However, last night’s strong V-shaped reversal broke through short-term resistance levels one by one, and we are currently above the moving averages. Therefore, today we should go with the trend and look for bullish opportunities, focusing on momentum rather than price!

From the current market, we can see that the hourly level has experienced three consecutive bearish candles, digesting most of the previous gains. Thus, the bullish trend is likely to continue during the day, but short-term pullbacks are inevitable. Therefore, we will adopt a low-position buying strategy.

Intraday trading suggestions:

When the next 1/4 hour candle closes above 95000, enter a long position directly, with the initial target set at 96500.