11.27 Thursday Jingwen BTC strategy

BTC is showing a strong upward trend on the 1-hour chart, with the price continuously rising from a stage low of 86200, reaching a high of 91200, and achieving a daily increase of 3.95%. The overall trend has broken through the previous consolidation range, with bullish momentum being fully released in the short term, presenting a clear upward trend on the chart, and short-term bulls dominating the market rhythm.

In the MACD indicator, both DIF and DEA are at high levels and the red bars are significantly expanding, indicating that bullish momentum is still continuing; although the RSI indicator is at a high level of 87.7, it has not yet entered the severely overbought region, and the technical outlook is clearly bullish.
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In addition, with the recent increase in capital attention in the cryptocurrency market, institutions have a positive sentiment towards BTC allocation; if the expectation of the Federal Reserve's monetary policy leaning towards easing heats up on the macro level, it also provides external logical support for the rise of BTC.

Long Strategy
Buy in batches on price pullbacks in the 89500 - 90000 range, defend below 88500, first target 92000, look at 93000 after the breakout.

Short selling strategy
Short lightly when the price reaches the range of 92000 - 92500 and a resistance signal appears, defend above 92800, first target 90000, if it breaks down look at 89500 #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐 #BTC #BTC