11.26 BTC 98,500 bearish again took down 1,600 points. Is there still a lot of room for decline?

CN
3 hours ago

Recently, the market has been very good, with Bitcoin rising all the way to 99,000. As it approached 99,500, we started to look for short positions, yielding significant profits!

Last night, the analysis suggested going short at the 98,400 level for Bitcoin, and it quickly dropped, reaching our target and securing a 1,600 point gain!

Friends who have been following our analysis recently must have enjoyed a big wave of profits; congratulations to you all! We never make hindsight calls!!

All the analyses provided are practical and easy to understand, with clear specific points. Everyone, please stay tuned!

The short position layout for Bitcoin from last night can be found in the article, with specific points as follows:

The next evening saw a rapid decline, with a second touch at the 92,600 level leading to a rebound. The important support below is here; if it breaks, there is a chance to drop to the 90,000 level.

The first rebound position after the drop above is at 95,800, which is also the starting point for the previous rise to 99,000. This is a position for a top-bottom conversion! A stable rebound requires holding above the 95,800 level.

Go short around 94,600-94,800 for Bitcoin, and pay attention to the support situation at the lower points. If it holds, we can look for a rebound.

  • For more free real-time investment strategies, trading methods, operational skills, and knowledge about candlesticks, you can scan the code to follow (WeChat public account: Trend Thought Notes)

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