On November 18, 2025, the Salvadoran government increased its holdings by 1,090 bitcoins, with an investment of approximately $100 million. This move raised its total bitcoin holdings to 7,474.37 coins, with the current asset value around $687 million. Since becoming the first country in the world to adopt bitcoin as legal tender in September 2021, El Salvador has continued to promote the adoption and accumulation of bitcoin. Recently, it also purchased 21 coins on "Bitcoin Day," demonstrating its firm belief in this digital asset. This increase in holdings reflects El Salvador's growing influence in the global cryptocurrency market and its long-term strategic layout regarding bitcoin.
So, will the price of bitcoin stop falling after breaking below 90,000? I think it's unlikely. A certain rebound strength is normal when the price falls below 90,000. However, a rebound does not mean a reversal of the trend; it is just a normal price fluctuation.
On the monthly chart, the price is currently in a bearish trend, and the trading volume is gradually increasing. The K-line price is about to touch the support point of the middle track, which may provide significant support. If this level holds, the bearish trend will be difficult to sustain. Therefore, attention should be paid to the support point at 86,600.
On the four-hour chart, the price is still operating below the lower track, indicating a bearish advantage. This directly leads to indicators showing a downward turn, and the MACD continues to show bearish volume. Based on the above analysis, the bearish trend remains strong, so any rebound can still be viewed as a selling opportunity.
The strategy is to short in batches around the 92,300-92,500 area, targeting near the 88,000 mark.
Follow the public account, "What can relieve worries? Only Jiang Wei," a treasure analysis blogger with high emotional value, sharing free trading education. In the volatile trading market, he brings stability and clear guidance, navigating through three cycles of bull and bear markets and years of trading experience. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, culminating in his unique insights.
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