Since last night, Bitcoin has been on an upward trajectory, reaching a high of 88100 before starting to decline, currently trading around 86700. From a technical structure analysis, on the 1-hour chart, Bitcoin touched the upper Bollinger Band and then began to retrace. It has now broken below the middle Bollinger Band and is moving towards the lower band. The KDJ three lines have formed a death cross and are diverging downward, while the MACD momentum has shifted from a bullish to a bearish state, suggesting potential short opportunities in the morning.
Operating Suggestions
The pancake is around 87000 to 87500, with a target of around 86000 to 85000.
The stepmother is around 2800 to 2830, with a target of around 2750 to 2700.
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Morning thoughts on November 24
Since last night, Bitcoin has been on an upward trajectory, reaching a high of 88100 before starting to decline, currently trading around 86700. From a technical structure analysis, on the 1-hour chart, Bitcoin touched the upper Bollinger Band and then began to retrace. It has now broken below the middle Bollinger Band and is moving towards the lower band. The KDJ three lines have formed a death cross and are diverging downward, while the MACD momentum has shifted from a bullish to a bearish state, suggesting potential short opportunities in the morning.
Operating Suggestions
The pancake is around 87000 to 87500, with a target of around 86000 to 85000.
The stepmother is around 2800 to 2830, with a target of around 2750 to 2700.