11.26BTC Analysis: Oversold Rebound ≠ Reversal, Short positions remain the main theme!
The BTC daily K-line Bollinger Bands still show a downward opening. After the price pierced the lower band at 80600 last week, it stopped falling, forming a long lower shadow and re-establishing itself above the lower band—it's normal to see a rebound after being oversold; there are no markets that only fall without rising, nor are there always pressing long positions. But in the past two days of rebound, have those mindlessly shorting with full positions all been liquidated? Now they are thinking of going long with full positions? When the high again faces pressure and falls back, won’t they be ‘harvested’ by the market again?
The core viewpoint remains unchanged: a rebound is by no means a reversal; cherish every opportunity to short during pullbacks!
On the short-term 4-hour level, although it has not fallen below the middle track due to support during the day, the MACD bullish momentum continues to shrink, and the KDJ has a death cross pointing downwards, with signs of a top divergence becoming increasingly obvious—volume-less rises are a typical bait for bulls! In terms of operations, I still anchor high shorts. Short-term longs may earn some small profits, but following the trend is the key; I only set up short positions at critical resistance levels!
Operation Suggestions: Key resistance levels to watch above: 88800, 90000, you can set up short positions around these two areas. The support below is observed at: 86500, 84500, extending down to 82500.
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11.26BTC Analysis: Oversold Rebound ≠ Reversal, Short positions remain the main theme!
The BTC daily K-line Bollinger Bands still show a downward opening. After the price pierced the lower band at 80600 last week, it stopped falling, forming a long lower shadow and re-establishing itself above the lower band—it's normal to see a rebound after being oversold; there are no markets that only fall without rising, nor are there always pressing long positions. But in the past two days of rebound, have those mindlessly shorting with full positions all been liquidated? Now they are thinking of going long with full positions? When the high again faces pressure and falls back, won’t they be ‘harvested’ by the market again?
The core viewpoint remains unchanged: a rebound is by no means a reversal; cherish every opportunity to short during pullbacks!
On the short-term 4-hour level, although it has not fallen below the middle track due to support during the day, the MACD bullish momentum continues to shrink, and the KDJ has a death cross pointing downwards, with signs of a top divergence becoming increasingly obvious—volume-less rises are a typical bait for bulls! In terms of operations, I still anchor high shorts. Short-term longs may earn some small profits, but following the trend is the key; I only set up short positions at critical resistance levels!
Operation Suggestions:
Key resistance levels to watch above: 88800, 90000, you can set up short positions around these two areas.
The support below is observed at: 86500, 84500, extending down to 82500.
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