How to Operate After Bitcoin's Strong Evening Rebound?

Trading in the cryptocurrency market is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.25 Bitcoin Market Analysis Reference

After Bitcoin's two-day decline failed to break below the 85,000 level, the market underwent a consolidation pattern over the weekend. In the evening, it retraced to the early morning and then experienced another wave of rebound. The current price is operating around the 88,600 area, having already touched the key resistance above. The upper resistance is still focused on the 90,000 area. If the rebound cannot break through and stabilize in this area, there is a risk of price retracement support. Conversely, if it breaks upward, the price is expected to further test higher levels.

The daily chart shows a continuous rebound pattern for three days. On November 21, a single needle bottom was formed, stabilizing above 85,272 to create a short-term bottom structure. On November 24, a bullish candle broke the previous day's high of 88,127, but after touching 88,834, it fell back to 88,520, indicating significant selling pressure near the 89,000 round number.

In terms of technical indicators, the daily MACD's DIF (-5718) is still below the zero line, but the green bars (-1340) have shortened for two consecutive days, indicating a weakening of bearish momentum. The hourly MACD shows a golden cross upward (366/163), indicating a short-term bullish bias. The moving average system is in a bearish arrangement, with the current price of 88,520 still below all EMAs (7-day 88,625 > 30-day 98,084), but the hourly level has stabilized above EMA7 (87,715), indicating support in the short cycle. Please prepare accordingly. The support below is focused on the 85,000 area; as long as this area holds, a downward trend will not be initiated for the time being.

11.25 Bitcoin Short-term Trading Strategy Reference:

Short entry point 89,500-90,500, stop loss at 92,500, target below 88,500.

Long entry point 85,300-86,300, stop loss at 500, defend at 83,000, target above 87,300.

There may be delays in article transmission; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels. Secure your profits. For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin Talks About Coins) for access. The first ten daily followers can receive free strategies for breaking even.

For more daily real-time trades, please follow the public account (Mr. Coin Talks About Coins) for online market technical learning, breaking even, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, article transmission may have delays, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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