"November 25 Market Analysis: Ending the Downtrend, the Three-Day Closing Line is Crucial"
The resistance of the hourly downtrend line for Bitcoin that was mentioned yesterday was completely breached in the early hours of yesterday, and the entire coin price has reached around 89000. From the extreme position of 80700 given last week to the current 8.9w, Bitcoin has finally shown some strength.
However, only here on the three-day line, if the closing price is above 89000-90000, the three-day line can be considered to have completed the bottom model. As for the signal logic of the three-day line, I won't elaborate on it again since I have repeated it many times before. The three-day line can be completed by 8 o'clock tomorrow, and even if the bottom model is not formed, based on the timing, this week will be a week of stopping the decline. Therefore, the logic for December should be to establish a bottom and accumulate positions.
$BTC The Bitcoin has broken through yesterday's trend line. The resistance level where a pullback is still likely up here is 90500. The short-term support at 86500 is a crucial dividing line for bulls and bears. If it breaks below, the support at 83600 can be referenced.
$SOL mentioned yesterday that the pressure at 139-140 has retraced. If it can rise again today, the pressure will be at 142 and 147-148. The position at 132 below is the short-term dividing line between bulls and bears; if it does not break below this level, the retracement will not be very deep.
$ETH Ethereum also retraced from the resistance of 2980 mentioned yesterday. If it goes up again today, the resistance will be around 3120. The support levels to reference below are 2760 and 2685, with 2760 being a key point of contention; as long as this support level is not broken, there is hope for another rebound.
In summary, from the perspective of the 3-day line logic, the goal for December is to confirm the bottom and complete the bottom accumulation. However, within this range, the possibility of multiple tests to the annoying support level cannot be ruled out, so patience is still required in December. Only by enduring loneliness can good gains be achieved! (Follow the department head for daily updates on market analysis and precise entry points. Long and short positions are only for B friends' reference and ideas, with strict stop-loss and take-profit measures.)
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"November 25 Market Analysis: Ending the Downtrend, the Three-Day Closing Line is Crucial"
The resistance of the hourly downtrend line for Bitcoin that was mentioned yesterday was completely breached in the early hours of yesterday, and the entire coin price has reached around 89000. From the extreme position of 80700 given last week to the current 8.9w, Bitcoin has finally shown some strength.
However, only here on the three-day line, if the closing price is above 89000-90000, the three-day line can be considered to have completed the bottom model. As for the signal logic of the three-day line, I won't elaborate on it again since I have repeated it many times before. The three-day line can be completed by 8 o'clock tomorrow, and even if the bottom model is not formed, based on the timing, this week will be a week of stopping the decline. Therefore, the logic for December should be to establish a bottom and accumulate positions.
$BTC The Bitcoin has broken through yesterday's trend line. The resistance level where a pullback is still likely up here is 90500. The short-term support at 86500 is a crucial dividing line for bulls and bears. If it breaks below, the support at 83600 can be referenced.
$SOL mentioned yesterday that the pressure at 139-140 has retraced. If it can rise again today, the pressure will be at 142 and 147-148. The position at 132 below is the short-term dividing line between bulls and bears; if it does not break below this level, the retracement will not be very deep.
$ETH Ethereum also retraced from the resistance of 2980 mentioned yesterday. If it goes up again today, the resistance will be around 3120. The support levels to reference below are 2760 and 2685, with 2760 being a key point of contention; as long as this support level is not broken, there is hope for another rebound.
In summary, from the perspective of the 3-day line logic, the goal for December is to confirm the bottom and complete the bottom accumulation. However, within this range, the possibility of multiple tests to the annoying support level cannot be ruled out, so patience is still required in December. Only by enduring loneliness can good gains be achieved! (Follow the department head for daily updates on market analysis and precise entry points. Long and short positions are only for B friends' reference and ideas, with strict stop-loss and take-profit measures.)