Trader Gege: 11.28 Bitcoin Market Analysis The upward correction of the indicators is not a reversal; there are still short opportunities below 95.

CN
1 hour ago

Behind the price fluctuations lies the separation of crowd intentions; it's just a matter of choosing different paths. In this world, there is no right or wrong, only positions. Trading is a form of practice, and the market is your dojo. Experience and time alone will not help us grow; only reflection and summarization will gradually reveal our shortcomings, allowing us to strive little by little towards improvement. Reaching the peak will ultimately be a journey we embark on together.

Hello everyone, I am trader Gege. Recently, Bitcoin has experienced a relatively decent rebound, currently oscillating above 90,000. As mentioned earlier, 90,000-91,000 is the first key boundary, and whether it can stabilize completely remains to be seen. Today is the 28th, and the weekly and monthly closing will occur on the same day, with the weekend approaching. The monthly pattern is unlikely to change significantly, so let’s first discuss the weekly chart.

Since the market opened this week, the weekly level has been in an upward oscillation. If it can stabilize above 90,000, the next short-term key point will be near the previous K-line's opening drop, which is also near the trend line, corresponding to a price around 95,000. For the current K-line to maintain a bullish trend, the price must not fall below 87,000 before the close; this would increase the probability of maintaining oscillation without deep declines next week. Additionally, we need to continue monitoring the MACD dual lines, which currently show signs of breaking below the zero axis. If the market continues to oscillate upward and the fast line turns upward, this would also be a short-term bullish signal. Furthermore, the previous estimation regarding the monthly line (if there is another bottoming next month, it would be a good opportunity to build positions) still holds.

Although the daily level has broken through MA7 and BOLL is in a contracted state, this only indicates an adjustment after a continuous decline, not a true reversal. The overall structure is still in a downward channel. How to approach the short term? Currently, the short-term support at the 90,000 mark can be seen through the K-line, and there may be some false breaks. The upper side can be referenced by converting support into resistance through the trend line, with 95,000 as the boundary. In summary, for Bitcoin in the short term, buy around 89,300-88,500 and sell around 93,500-94,300. That’s all for today; I will try to keep daily updates when I have time. Thank you for your attention and reading!

The suggestions are for reference only. Please manage your risk when entering the market, and control your profit and stop-loss space accordingly. Specific strategies should be consulted in real-time.

Alright, friends, we will say goodbye until next time. I wish everyone success in their trading and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time advice, find Gege.

Written by / I am trader Gege, a friend willing to accompany you in your resurgence.

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