Crypto Circle Red Sister 11.18: Bitcoin's high point is pressing down, and short-term resistance is difficult to break through. The 93,000 level is about to be broken! Today's latest market analysis and trading suggestions for Bitcoin (BTC)!

CN
3 hours ago

Bitcoin Market Analysis and Trading Suggestions on 11.18 (Written at 1:33)

The current price of Bitcoin (BTC) is around 93,400. Yesterday, at dawn, a precise low buy was set at 93,100, successfully reaching the target profit point again. Currently, the K-line is near the lower position of the 4H chart. After the BOLL channel narrowed yesterday, it has once again shown an opening pattern, with the middle and lower tracks continuing to move downwards. The daily high may continue to be suppressed. The green bars in the MACD are shrinking, and the DIF and DEA are still in a narrowing pattern without forming a death cross. The KDJ three lines are crossing downwards below 50 and have not yet entered the oversold zone, and the same goes for the RSI, indicating that the pullback space is not yet complete. In the short term, there may still be a possibility of testing yesterday's low successfully. If the support at the 2-day MA240 and EMA250 range fails, the market will continue to decline. It is suggested that the entry point for long positions can be adjusted downwards. If the support below 93,000 fails, you can continue to pay attention to the support near the weekly EMA80 (91,150). The strategy remains focused on entering high short positions during rebounds!

Sell Point: ≥95,000 light short, stop loss above 96,000; take profit at 94,000-93,100; if it breaks below 93,000-92,800, you can continue to hold below 92,000.

Buy Point: ≤91,500 light long, stop loss at 90,500; take profit at 92,500-93,500-94,500.

The article review and push have delays; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration for the unknown in the days to come.

Remember, the cryptocurrency world is not just about numbers and charts; it is also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever you are, I am cheering for you and looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!

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