Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.26 Bitcoin Market Analysis Reference

Bitcoin's price movement has once again attempted to break through the key resistance above but has failed, maintaining a range of fluctuations. The high has approached the resistance area, but there has been no upward breakout. Currently, the price has retraced to around 87500, and despite multiple attempts to dip, it has not broken below the support line of 86000. However, the rebound strength is gradually weakening. The long lower shadow candlestick that appeared near the 86700 low on the 4-hour chart clearly shows that there is strong buying support in the 86000 area. On the daily chart, there have been three consecutive trading days with long upper and lower shadows, indicating that both bulls and bears are fiercely contesting in the 87000 to 89000 range.

From the indicators' perspective, the 4-hour MACD has formed a golden cross after showing a bottom divergence signal (DIF: -41.84 crossing above DEA: -301.68), indicating that short-term momentum has strengthened. However, the daily MACD is still below the zero line (-5587), suggesting that the mid-term adjustment pattern has not yet completely reversed. In terms of the moving average system, although the price has successfully broken through the 4-hour EMA7 (87406), it is currently constrained by the EMA30 (87461), while the daily EMA120 (106654) constitutes a clear and distant long-term pressure above. Therefore, we recommend focusing on short positions in our operations.

11.26 Bitcoin Short-term Trading Strategy Reference:

Short entry point 88500-89500, stop loss at 92500, target below 88000 with a stop loss of 500.

Long entry point 85300-86300, stop loss at 500, defend at 83000, target above 87300.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss effectively. Secure your profits, and for more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coins) for access. The first ten daily followers can receive free exit strategy advice.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) for online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, and it is important to manage positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, no plagiarism, respect originality!

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