On November 25th, Monday, Bitcoin evening market analysis!
From a short-term perspective, the running channel has opened downwards, releasing space, the price has stopped its decline, and signs of recovery have appeared. The bearish volume is decreasing, and after the moving averages released downwards consistently, they have started to turn upwards. Currently, a recovery has begun.
On the four-hour level, the price did not rise and then fell; it is currently testing low-level support. The running channel has narrowed again, and the conversion of long and short volumes is frequent. The fluctuations have once again reduced in scale, and the short cycle remains unchanged. In the short term, fluctuations are declining but recovering, and the downward movement is not continuing. In the upcoming strategy, we will focus on buying low.
Personal trading advice for Bitcoin: Buy around 97600, with a target of 98600-99600. If it breaks, continue to look upward!
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