Cryptocurrency Circle Liying: On November 16, is the bullish engulfing pattern for Bitcoin a fog or a dawn! Can the bulls withstand the bears' siege! Latest market analysis and operational advice.

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3 hours ago

Liying in the Crypto Circle: Latest Bitcoin Market Analysis

  Article Published on 2025.11.16------00:45

The current price of Bitcoin is 96,000. Liying predicts that BTC will fluctuate around the key support level of 94,012 and the strong resistance level of 98,144. Although a bullish engulfing pattern has appeared on the technical side, suggesting that the market may have the potential for an upward reversal, the moving average system still shows a bearish arrangement, with the price below the moving averages, indicating that the overall market momentum is weak and has not completely shaken off the downward pressure.

Liying advises everyone to wait for the price to break through the key resistance level or fall below the support level to confirm the future trend direction. The 2-hour candlestick chart shows that the lows are gradually rising, while the highs are pressured near the EMA30 moving average, indicating an overall weak rebound phase. The MACD may have short-term rebound momentum, but the strength is limited. The EMA trend remains bearish, and Liying continues to maintain a primarily bearish layout.

Short-term Strategy Reference:

  Long entry at 95,000, stop loss at 94,000, stop loss of 500 points, target 97,500

Short entry at 97,000, stop loss at 98,000, stop loss of 500 points, target 95,500

The above content is exclusively original by Liying. Please indicate the source when reprinting! Article publication review has a delay, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Liying's insights will be helpful to you!

  The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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