In-depth analysis and strategic suggestions for the Bitcoin market on Wednesday, November 27
In the Bitcoin market on Wednesday, November 27, its price dropped to 90,800 at night. Judging from the price trend, there is heavy pressure from above. Although there has been a certain degree of rebound in the meantime, the overall weak pattern is still clearly discernible. At this stage, the market is in a critical link of cleaning up the bullish forces. When a large-scale market comes, investors must follow the market trend and go with the flow. Just like in sailing, it is wise to follow the wind direction and ocean currents, raise the sails and set sail, and follow the trend. In the Bitcoin market, it is a good strategy to go short at the moment.
From the perspective of technical analysis at the daily level, the divergence phenomenon continues to exist and play a role, which further strengthens the trend of price decline. The current market characteristics are that after a period of downward trend, there will be a wave of rebound, and so on and so forth, showing a back and forth flushing trend. Based on this, the operation idea of short selling can be closely arranged and implemented around the rebound point.
As for the specific operation point suggestions during the day, when the price rebounds to 92650, investors can directly and decisively establish a short order. And in the range of 92500 to 93500, you can gradually build positions and enter the market. The target position for short selling first looks at the 90000 mark. Once this mark is successfully broken, the price is very likely to continue to explore lower points and further expand the downward space.
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