Today, Bitcoin has once again fallen below the new low of 90791, but the trend did not continue to decline; instead, there has been a rebound. This indicates that the support at the psychological level of 90000 is relatively strong at this time, and the trend is unlikely to break down further in the short term. From the current trend, the Bitcoin pullback is merely waiting for Ethereum to catch up.

【Price Trend Analysis】

K-line Formation:

Recently, the price has retreated from a high position, forming a clear downward trend. During the period from November 25 to 27, the K-line showed consecutive bearish candles, indicating heavy selling pressure in the market.

Technical Indicators:

MACD: Currently, both DIF and DEA are negative, and the MACD histogram continues to be below the zero axis, indicating that bearish forces are dominant.

KDJ: At this moment, the KDJ trend begins to rise, while a “w” shape forms below, suggesting that the trend may rebound further.

RSI: The RSI value hovers between 35 and 40, approaching the oversold area but has not yet entered an extreme zone, indicating a potential demand for a rebound in the short term.

EMA: The price is currently below EMA7, and EMA30 and EMA120 are also above, showing an overall weak trend. EMA7 poses short-term pressure on the price.

On the morning of 11/27, Bitcoin's stable short-term profit layout:

It is recommended to enter long positions around 92000-92300 for Bitcoin, with stable short-term profit points: 93000-93500.

If there is a pullback, it is suggested to add to long positions around 91600, with profit-taking points: 92800-93000. If it stabilizes at 93000, continue to hold!