Bitcoin, as expected, fell sharply from around 100,000 and fell to around 90,800. The target of 91,000 that Sister Ying had promised was also perfectly reached. The next day, Bitcoin rose unilaterally, and it rebounded strongly to break through the 97,000 mark, but it was still under pressure around 98,000. Today, it fell sharply in the morning and even fell below the 95,000 mark. The entire European session was maintained in the 95,000-96,000 area and saw repeatedly. The main reason was that the U.S. stock market was closed for Thanksgiving, and the volatility was not expected to be too large. Under the trend of adjustment, both long and short positions are profitable, but you can't be blindly greedy!
First of all, in the holiday and weekend market, try to keep a low-multiple mindset as much as possible, without any reason, based on years of market feeling and experience.
How will Bitcoin go in the future?
At present, there are still many positive factors supporting the market, but as the positive factors are digested, there will be a short squeeze. Although there was a unilateral surge the next day, the retracement was also relatively large. It is not ruled out that the bulls pulled up and shipped. As long as it does not stand above 98,000, Sister Ying is still inclined to pull back.
It fell sharply on Monday and Tuesday, and went back directly on Wednesday. This market is equivalent to walking alone. It is just a wash. The important point is that Trump will not officially take office until January 2025, so before that, it is still optimistic about a wave of pullbacks. The mid-term bottom is tentatively set to look at around 92,000!
