btc: Is the drop just a false move? Is breaking through 100,000 dollars still far away?
Brothers, btc's recent performance has truly been "bumpy"! First, it broke below the upward trend line, scaring people so much that they rushed in, and the next day it executed a counterattack, directly standing back above the trend line. Is this operation a strong comeback, or is it a trap to lure in the weak?
The key point is to hold firmly, aiming straight for 100,000 dollars!
Key Point 1: 20-day moving average supports funds On November 26, although btc broke below the upward trend line, it firmly held the 20-day moving average (90,700 dollars), and the buying strength at this position is indeed robust.
Key Point 2: Standing back on the trend line, aiming higher On November 27 during the day, btc stood back on the upward trend line. As long as the price stabilizes above the trend line, the next step could rush directly to: psychological barrier of 100,000 dollars: sellers will likely defend this point fiercely, but if the strength is stronger, it may further test: First target: 107,096 dollars Second target: 128,357 dollars Bullish strategy: Short-term: Current price is above the trend line, set up long positions on pullbacks, targeting 100,000 dollars, can pursue 107,096 dollars if broken.
Stop loss: It is recommended to set below the 20-day moving average to ensure risk perception exits, if support is lost, caution is needed. Of course, brothers should also consider another scenario: if the strength can't hold, and the price drops back below the 20-day moving average (90,700 dollars), then caution is advised! First target: 86,586-85,835 dollars range: this is an important support area, expected to see buying interest.
Public account: Little Bear Discussing Coins, No Nonsense
Bearish strategy: If the price breaks below the 20-day moving average, consider opening short positions if the rebound is weak, targeting the 86,586-85,835 dollars range.
Key points of operation: Clear distinction between long and short, firmness is king. In summary, btc's current trend is crucially tied to the upward trend line and the 20-day moving average: hold the trend line, bullish target looks at 100,000 or even higher.
If it breaks below the 20-day moving average, bears will take over, targeting the 86,586-85,835 dollars range.
Brothers, the market is highly volatile, when we operate, do not rush in, wait for key positions to confirm before entering, maintain a stable mindset, follow the trend closely, and the winning rate is the key!