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- 🚀 Gate Square Event: #GateNewbieVillageEpisode8
👤 Featured Creator: @ybaser
💬 Trading Quote: The market tests you, but panic is the only real loss.
Share your trading journey | Reflect on your strategy | Grow with the Gate Family
⏰ Event Time: Nov 26 04:00 – Dec 3 16:00 UTC
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1️⃣ Follow Gate_Square
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11.25 Tuesday Jingwen BTC strategy
The current BTC price is 87900, up 1.06% for the day, with a position amount reaching 8.144 billion USD and a transaction amount of 17.653 billion USD. The recent price volatility has been significant, rising from a low of 80600 on the 22nd to the previous high around 93100 before retreating. It is currently in a rebound process, with the overall market showing a tendency of strong fluctuations.
The price is currently above the middle band of the Bollinger Bands, with short-term bullish strength prevailing. The MACD indicator shows that the DIF has crossed above the DEA, and the MACD histogram is positive, indicating that bullish momentum continues to be released. Recently, trading volume has decreased compared to the significant drop in price earlier, indicating that the volume support during the rebound process is average.
Long Strategy
Buy around the support level of 85200, with a defense below 84800. The first target is 87300, and the second target is 89400.
Short Selling Strategy
Short around the upper resistance level of 89400, defending above 90200, first target 87300, second target looking at 85200#Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐 #BTC #PI .