Cryptocurrency Circle Liying: On November 24, Bitcoin (BTC) faces a showdown between short-term upward and long-term downward moving averages at 87,300! Latest market analysis and operational advice interpretation.

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3 hours ago

Liying in the Crypto Circle: Latest Bitcoin Market Analysis

  Article Published on 2025.11.24------00:45

The current price of Bitcoin is 87300. Liying assesses that Bitcoin (BTC) is approaching a strong resistance level at 87500. Short-term rebound momentum has increased, but the long-term trend remains bearish. The technical analysis shows a conflict between the short-term moving averages trending upwards and the long-term moving averages trending downwards, indicating that there is some bullish momentum in the short term, but long-term bearish pressure may limit the rebound space.

The daily chart shows a gradual rebound from the low of 86100 to the current 87246, but overall it is still in a phase of oscillation and repair after a high-level correction. The 2-hour candlestick chart has shown consecutive bullish closes, indicating a short-term rebound trend, but there is significant pressure around 87500 above. The MACD on the 2-hour chart shows an increase in short-term bullish strength; however, the long-term trend on the daily chart remains weak. The EMA on the 2-hour chart provides strong short-term support; the daily trend is still under pressure. The resistance for the main force to continue moving upwards is strong, and without waiting for a clear signal to appear, Liying still insists on a strategy of shorting at highs.

Short-term Strategy Reference:

  Long position at 86000, stop loss at 85000, stop loss of 500 points, target 89000

Short position at 88500, stop loss at 89000, stop loss of 500 points, target 86500

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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