【2024-11-26 Market Trends】

Currently, from a technical analysis perspective, Bitcoin is showing signs of fatigue in the bullish momentum at this position on the daily chart. To continue making new highs, a deep correction is necessary. Those holding profitable spot and long-term contracts can consider reducing their positions, and after reducing, it's advisable to set a breakeven stop.

This correction is expected to reach: 91813.8 in the short term. After reaching this resistance level, there will be a pause. If it drops sharply, a deeper correction will follow. The final defensive position for the bulls is: 74748.7. If this level holds, it indicates a normal correction, although it may be somewhat deep. If this position is broken, it will signal a bearish trend, and those holding long positions will need to exit.

Currently, for conservative strategies, it is advisable not to open short positions; instead, wait for the correction to end before continuing to go long. Short positions can only be made for short-term trades of 30 minutes to 1 hour. Therefore, in the near term, it's best to wait for the market; this correction may not conclude quickly and could take around 7-15 days to finish.#BTC☀