11.25 Bitcoin Market Analysis Reference

After two days of testing the downside without breaking below the 85,000 level, Bitcoin consolidated over the weekend. In the evening and into the early morning hours, it rebounded again, with the current price operating around the 88,600 area. The price has already touched the key resistance above. The upper resistance remains around the 90,000 area. If the rebound fails to break and stabilize above this region, there is still a risk of price pullback for support. Conversely, if it breaks upward, the price is expected to move further up for a test.

On the daily chart, there has been a three-day rebound pattern. On November 21, there was a single candlestick bottoming, followed by stabilization above 85,272, forming a short-term bottom structure. On November 24, a bullish candle broke above the previous day's high of 88,127, but after touching 88,834 with a long upper shadow, it fell back to 88,520, indicating obvious selling pressure near the 89,000 round-number mark.

In terms of technical indicators, the daily MACD’s DIF (-5,718) remains below the zero line, but the green bar (-1,340) has shortened for two consecutive days, indicating weakening bearish momentum. On the hourly chart, the MACD golden cross upward (366/163) shows a short-term bullish bias. The moving average system is still in a bearish arrangement, and the current price of 88,520 is still below all EMAs (7-day at 88,625 > 30-day at 98,084), but on the hourly chart, it has stabilized above the EMA7 (87,715), suggesting short-term support.

Please be prepared. Watch for support around the 85,000 area below; if this area does not break, the downward trend is unlikely to start for now.

11.25 Bitcoin Short-Term Trading Strategy Reference:
Test short positions at 89,500-90,500, defense at 92,500, stop loss: 500, target below 88,500.
Test long positions at 85,300-86,300, stop loss: 500, defense at 83,000, target above 87,300.
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