Cryptocurrency Circle Liying: Is the pessimistic sentiment for Bitcoin spreading on November 20? When will the downward trend reverse? Latest market analysis and operational advice.

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3 hours ago

Liying in the Crypto Circle: Latest Bitcoin Market Analysis

  Article Published on 2025.11.20------00:45

The current price of Bitcoin is 89,560. Liying assesses that BTC is in a clear downtrend, with the evening star pattern and the bearish arrangement of moving averages creating a strong bearish resonance. The momentum is increasing as the price approaches the key support level of 89,253, which is a previous low and has strong support, potentially limiting further declines in the short term.

The daily line continues to decline, forming a series of bearish candlesticks. The 2-hour chart has repeatedly tested the 90,000 round number but has not effectively broken through, remaining in a weak adjustment phase in the short term. The MACD market momentum is bearish, further confirming the dominance of bears on the daily line. The short-term EMA pressure is significant; the daily EMA also maintains a bearish arrangement, and the long-term trend remains bearish. Liying predicts that the market is likely to continue to decline, and it is advisable to maintain the strategy of opening short positions at high levels while being cautious about opening long positions.

Short-term Strategy Reference:

  Long entry at 89,000, stop loss at 88,000, stop loss of 500 points, target at 91,000.

Short entry at 91,000, stop loss at 92,000, stop loss of 500 points, target at 89,000.

The above content is exclusively original by Liying; please indicate the source when reprinting! There may be delays in article publication review, and market conditions change 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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