On November 26th, the afternoon market analysis of Bitcoin by Old Mo:

Bitcoin soared in the evening of Monday but came under pressure, with continuous retracements and probes in the evening, midnight, and early morning. The Depth retraced more than 6,000 points, stopping around 92,600. Lao Mou and other real-time traders slightly controlled a space of 1,000 points at midnight. Congratulations to the friends who bought in↑.

From the perspective of the market, the big pancake is currently rebounding and is located at the 94700 level, touching the 95200 pressure of the hourly middle rail, and there are signs of oscillation below the middle rail. The four-hour and daily charts have generated rebound signals, but there is no obvious improvement.

In the technical indicators, the one-hour and four-hour Bollinger Bands are showing a downward trend, the daily Bollinger Bands show a significant narrowing, and the MACD bearish momentum is increasing. In conclusion, the market is showing continued volatility, so do not just focus on rebounds next, but pay more attention to entering at the support below.

Bitcoin trading advice: Buy in the 93000-93500 range, target around 95200. If it breaks through and stabilizes, the upward trend may continue. #BTC