On November 26, a certain encryption media analyst pointed out, what is the first hurdle BTC is currently facing? The answer is around $88,000—specifically, the position of the 200-hour moving average. This price has acted like a ceiling since Monday, repeatedly suppressing the rebound.
Looking up, the range of $98,000 to $99,000 should be a key focus. Why? Because there have been intraday lows here at the beginning of this month and in June of this year, which belongs to a previous area of dense trading.
Let's talk about the support below: $83,680 is a crucial line; once it is broken, the recent bearish signals will be confirmed. If it really falls below that, the next support level is likely around $74,500—where buying funds may come in to create conditions for a rebound.
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WalletDetective
· 11-27 10:10
88000 is a tough hurdle, feeling like it's either going to break through or fall down.
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PumpDetector
· 11-26 09:50
88k being the ceiling again? mate, we've seen this movie before. smart money's already pricing in the break or the dump, one of those two. nobody actually trades the levels anymore, they trade the *psychology* behind them.
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GasFeeCryBaby
· 11-26 09:41
88k is really being held down, the last time it was this stuck was... never mind, I won't say it, it's just annoying.
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IronHeadMiner
· 11-26 09:38
88k really froze, falling repeatedly here every day
The position of 98k is too critical, it must be breached
Once 83680 breaks, we really need to be careful...
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YieldHunter
· 11-26 09:28
ngl, 88k being a hard ceiling is kinda obvious if you actually look at the data... that 200hr ma has been doing heavy lifting lately. but here's the thing nobody's mentioning - if we're talking risk-adjusted metrics, these degens buying dips at 74.5k are prolly gonna get liquidated anyway, impermanent loss or not lol
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TokenTherapist
· 11-26 09:26
88000 cards are dying like this, it really feels like we have to break through this time.
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I've been watching the range from 98 to 99 for a long time, just waiting for a Rebound to do shorting.
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Breaking 83680 is when it will be truly haunting, right now it’s not that pessimistic.
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Buying the dip at 74500? Forget it, it will continue to fall then.
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Is this 200-hour moving average really that hard? It feels like nonsense.
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If you believe in things like the congested trading area, then you’ve lost.
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The term "line of life and death" is a bit exaggerated, next year is still far away.
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GetBetter.
· 11-26 09:24
On November 26, a certain cryptocurrency media analyst pointed out where the first hurdle BTC is currently facing is. The answer is around $88,000 — which is the position of the 200-hour moving average. This price has acted like a ceiling since Monday, repeatedly suppressing rebounds.
Looking upwards, the range of $98,000 to $99,000 should be a key focus. Why? Because this area has seen intraday lows at the beginning of this month and in June of this year, making it a previous area of concentrated trading.
Now let's talk about the support below: $83,680 is a critical line, and if it is lost, the recent bearish signals will be confirmed. If it truly breaks down, the next buy the dip level is likely around $74,500 — where buying funds might come in to create conditions for a price bottom rebound.
On November 26, a certain encryption media analyst pointed out, what is the first hurdle BTC is currently facing? The answer is around $88,000—specifically, the position of the 200-hour moving average. This price has acted like a ceiling since Monday, repeatedly suppressing the rebound.
Looking up, the range of $98,000 to $99,000 should be a key focus. Why? Because there have been intraday lows here at the beginning of this month and in June of this year, which belongs to a previous area of dense trading.
Let's talk about the support below: $83,680 is a crucial line; once it is broken, the recent bearish signals will be confirmed. If it really falls below that, the next support level is likely around $74,500—where buying funds may come in to create conditions for a rebound.