11.27 Bitcoin Strategy Suggestions
Bitcoin closed yesterday with a spike at 94700, clearly indicating that large holders sold off at this spike. Currently, the price is oscillating around 92000, and bears are preparing to break below the 90000 level this week. The one-hour Bollinger Bands show no signs of opening, likely forming a downward channel again. Short-term resistance to watch is around 92800. A rebound would be an opportunity to short. If Bitcoin falls back to around 89000, one should be cautious of a significant rebound. Overall, the price is still in a downtrend; it is recommended to follow the trend.
Morning Silk Road
Bitcoin: around 92500-93000 🈳
Target: around 91000-91500
Altcoin: around 3370-3400 🈳
Target: around 3300-3250
