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11.24 Morning BTC Analysis: Fluctuating recovery indicates long positions, focus on low long setups!
Last night, BTC first fell before rising, touching a low of 86458 before stopping the decline and rebounding, moving up to 87653 and consolidating. In the morning, it surged to 88100 but encountered resistance and fell back. Currently, the long positions dominate the market.
The hourly chart maintains a narrow range of fluctuations, but the strength of long positions continues, while the power of short positions gradually weakens; the MACD remains steadily above the zero line, with the long positions' energy bars continuing to expand, and buying funds are entering in an orderly manner, solidifying the rebound trend amidst the oscillation.
Morning operation suggestions
Pull back to the 85700-86000 range to lay out long positions, with a target looking up at 87500-90000.