11.29, Friday, good morning!

Bitcoin is currently priced at 95776. It is now more than 9 am Beijing time. From the overall market situation, Bitcoin will continue to consolidate at a high level. Yesterday's thinking said that the bullish trend remains unchanged, and all retracements are opportunities, but there is no suitable entry point for both long and short positions, so there was no arrangement yesterday. I chose to continue waiting for opportunities and entry points. I have said before that before the bus we are waiting for arrives, we just need to wait at the station. Don't get on the bus casually, otherwise you will go further and further!

Looking at the current market, the daily K-line is as high as 96565 and as low as 94640. It has been sideways almost all day, and it has been a slow decline. The EMA15 trend fast line support has not ended and has stretched to 92400. MACD shrinks downward, DIF and DEA highs spread downward, Bollinger Bands shrink, the upper rail fell to 102500, the middle rail stretched to 91500, and it was still at 90500 the day before yesterday. The support moved up and the KDJ shrunk. This is a typical boiling frog stage. Everyone should pay attention to the four-hour K-line out of the teacup shape, and the top has been determined to form a short-term high at 97200. Then the next time you test this position, you can arrange a short position. Just wait for the time being. The fast line has come to the intersection of EMA trend indicators 15 and 30 at 95000. The overall trend is shrinking, so two positions can be used as reference. The key pressure previous high is 97200, and the key support EMA120 trend line support is above 90300. MACD volume decreases, ladder volume decreases, DIF and DEA are blocked by 0-axis pressure and begin to shrink. The Bollinger Bands enter a downward channel. The upper rail pressure level reference is 9715 0, the lower rail support came to 91300. The overall trend is currently at a short-term crossroads, but don’t forget that the bullish trend has not ended. The short-term is indeed in a downward channel. If 90,000 is not broken, go long decisively. Defend 97,000 above and go short. Set a good stop loss.

Short-term thinking reference: The market is not 100%, so you must set a good stop loss. Safety first, small losses and big profits are the goal.

Short at 97000 to 97500 above, stop loss 500 points, target 96000 to 95000, break to see 94000 to 93000

Long at 91500 to 91000 below, defend 90500 to 90000, stop loss 500 points, target 92500 to 93000, break to see 94000 to 95000

Specific operations are based on real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is at your own risk. #BTC☀