BTC Market Analysis - November 26th🔥
Hourly Chart Analysis:
Top Consolidation Zone: Bitcoin is currently building a top consolidation zone. It was mentioned yesterday that if this zone is broken, downward pressure will increase, and the market may continue to move downwards.
After the US market opened last night, the price briefly rose with some micro-strategy news, but failed to break through the previous high, which means there is still downward pressure in the market.
Downward Trend Continues: Bitcoin is still in a downward trend. In the short term, if the price cannot stabilize above $944, it may continue to move downwards.
Short Position Strategy: If considering a short position, the ideal entry points for short positions should be around $956 and $965, with stop-loss set at a higher level.
