November 26th, Tuesday Morning Strategy Analysis
The current market is completely under the control of bearish forces. To reverse this unfavorable situation, several core factors must be considered: the price needs to quickly rise above the trend line, creating a false breakout pattern, or a significant sell-off must occur on the daily chart in the near future, forming a long lower shadow trend. If the current slow decline continues, we will need to wait for the daily chart to show a consolidation and accumulation structure in the bottom area. However, as of now, none of the above conditions have been met, so the market remains in a downward channel.
Next, our response strategy will focus on a short-selling dominant direction, aligning with the market's rhythm for positioning.
The short-term trading strategy for BTC this morning is: short-sell within the rebound range of 94000 to 94500,
with an expected target looking towards 90000, and even 85000.$BTC $ETH