[Market Analysis on November 28, 2023]

[Opinion]: Short-term bias in the day! Reason: BTC pinned 37800 on November 24 and then fell back to 38425, forming a trend of continuously falling highs. Although the price held near 36700 many times last night and early in the morning, the bulls did not continue to try to rebound after holding. It broke through the resistance level of 37800, but fell in a channel style!

【Operation method】:

BTC: I was short at 37300 in the morning, covered the position at 37500, and stopped the loss at 37800!

[Daily Level]: Although the price is still at a high level, the bulls are weakening and there is no more bullish volume to push the price upward!

[Hourly Level]: Channel-like decline!

[Summary]: Although the big cycle is still long (at least for now, it cannot be said that the bulls have completely failed, nor can it be said that the trend has turned short), the weakness of the bulls within the day and at the 4-hour level is real. I personally feel that if it cannot lead If the volume breaks through 37800, the price will continue to fall until it finds support at a lower level!

(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends, welcome the valuable opinions and views left by Lao Tie)