Cryptocurrency Circle Liying: On November 17, can the Bitcoin shorts dominate and break below 94,000? How to choose between long and short? Latest market analysis and operational advice.

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5 hours ago

Liying in the Crypto Circle: Latest Bitcoin Market Analysis

  Article Published on 2025.11.17------00:45

The current price of Bitcoin is 94,100. Liying assesses that the BTC is in a strong downward trend with significantly enhanced bearish momentum. In terms of technical indicators, the MA/EMA moving average system shows a bearish arrangement, with prices consistently below the moving averages, forming a strong sell signal. At the same time, Liying also observes that the main force is approaching the key support level of 94,000. If this support level is broken, it may further test lower regions.

The 2-hour chart shows a gradual rebound from the low of 94,325 to 94,895, remaining in a consolidation range overall. The daily chart has recorded two consecutive bearish candles, with the lowest price touching the integer level of 94,300 before rebounding, indicating potential short-term support. The MACD on the 2-hour chart shows weakening bearish strength but has not completely reversed. The overall trend of the EMA remains bearish, and high-level shorts are effectively waiting for the market to confirm before deciding whether to take profits and exit.

Short-term Strategy Reference:

  Long entry at 94,000, stop loss at 93,000, stop loss of 500 points, target 95,500.

Short entry at 97,000, stop loss at 97,500, stop loss of 500 points, target 95,500.

The above content is exclusively original 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. I 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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