Cryptocurrency Circle Liying: Latest Bitcoin Market Analysis on November 7

　　Article published on 2025.11.7------01:00

The current price of Bitcoin is 101,600. Liying believes that Bitcoin is still in a downtrend. The technical indicators show that the price is below both the short-term and long-term moving averages, with weakening momentum. The evening star pattern combined with the bearish arrangement of the moving averages creates a strong bearish resonance, suggesting that the price may further test key support levels in the short term.

The daily chart shows a long upper shadow and a bearish candlestick, indicating weakened bullish strength. The price is consolidating around 102,000, and the recent high has failed to break the previous resistance level of 103,579, with support concentrated around 101,630. The MACD on the 2-hour chart shows slight upward signs, indicating a reduction in bearish strength. The EMA moving averages are trending downward, so Liying believes that if the trend cannot effectively break through, it will continue to oscillate or decline. Therefore, a short position at 104,000 is valid and can be held for further downside, while temporarily not considering long positions.

Short-term strategy reference:

Long entry at 101,000, stop loss at 100,000, stop loss of 500 points, target at 103,500.

Short entry at 103,500, stop loss at 104,000, stop loss of 500 points, target at 102,000.

The above content is exclusively created by Liying. Please indicate the source when reprinting! There may be delays in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the reader. We hope Liying's insights will be helpful to you!

　　The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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