As a veteran in the cryptocurrency circle, I have been deeply involved in this charming and challenging field for many years. Having experienced multiple ups and downs in the cryptocurrency market, I have witnessed the rise and fall of countless coins, accumulating rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Maintaining learning and continuously improving one's cognitive and judgment abilities is essential to progress steadily in this challenging field.
Old Yang from the cryptocurrency circle: Bitcoin market analysis for November 26, 2024.
The current Bitcoin market shows that the daily line fluctuates in the range of 99600 - 92600. The support level of the EMA12 trend fast line is at 93165 and is still changing. In the coming days, it may intersect with the K line to form key support. MACD is reducing in volume, showing divergence at the top, and DIF and DEA are contracting at high levels, indicating potential sharp rises and falls. The upper pressure of the Bollinger Bands is at 103000, while the middle support stretches beyond 89000. KDJ is spreading downwards, indicating the end of overbought conditions and entering a sideways repair. Overall, the bullish trend still exists, and pullbacks present an entry opportunity.
The four-hour line of Bitcoin approaches the rising trend support at 94300, intersecting with EMA60. MACD is decreasing in volume, DIF and DEA are diverging at high levels and close to the 0 axis, KDJ shows a death cross, and smaller indicators are in a bearish state. However, the larger time frame remains bullish, so the main strategy should be to go long in the direction of the trend, seeking support points to enter long positions during the bearish smaller time frame, treating pullbacks as a trap for shorts, going long at key support levels and setting stop losses. If wrong, stop loss should not be held.
Short-term strategy:
Long from 92500 to 91500, add position at 90000, stop loss at 500, target at 96500.
Short from 98000 to 98500, add position at 99200, stop loss at 500 points, target at 96800.
Disclaimer: The above analysis only represents the author's personal opinion and does not constitute specific operational advice. Any trading based on this is at your own risk; investing carries risks, and caution is advised when entering the market.
The content of this article is exclusively planned and published by Old Yang from the cryptocurrency circle. For more real-time investment strategies, spot contract trading methods, operational skills, and other knowledge, you can consult the author for learning and communication. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve brilliant results!
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