Mr. Crypto: Bitcoin Market Analysis and Reference for November 24th

Bitcoin Price Analysis (November 24th): After a period of decline, Bitcoin consolidated and corrected over the weekend. The intraday pullback resulted in a rebound, with the current price above 86,000. This high level has reached short-term resistance. The key resistance level to watch is the intraday high. If the rebound fails to break and stabilize above this area, there is a risk of further pullback to support. Conversely, a breakout could lead to further gains towards the 90,000 level. On the short-term hourly chart, the price is currently under pressure and undergoing a pullback. The short-term rebound is relatively weak, and further downward testing is expected. The key support level to watch is 85,000. If this level holds, the price will continue to consolidate within the range; otherwise, it will likely test lower levels again. Our current strategy remains to buy low and sell high. The upper resistance level to watch is 89,000, and the lower support level is around 85,000. If this level holds, a downward trend is unlikely to begin. Consider entering long positions on pullbacks, with stop-loss orders in place if the price breaks through. For short positions, follow the trend and aim for short-term profits. Bitcoin Short-Term Trading Strategy (November 24th): Consider shorting at 87500-88500, with a stop-loss at 90500, and a target below 865000. Consider going long at 85300-84300, with a stop-loss at 500, a stop-loss at 80000, and a target above 86300. Please note that there may be a delay in posting this article, and the strategies suggested are for reference only. Market conditions change rapidly; no matter how confident you are in your market analysis, always use stop-loss and take-profit orders to secure profits.