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- 🎄 Gate Square · Christmas Warmth Creation Event
❄️ Winter is cold, but Gate Square is here to warm you up!
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3. Participants must post for a - 🚀 Gate Square Event: #GateNewbieVillageEpisode7
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💬 The secret of top traders: one word — Patience.
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#加密市场回调 11.20 Afternoon technical analysis observation
Bitcoin experienced a deep correction last night due to news impact, followed by a rebound capturing a 2600-point increase, while Ethereum simultaneously gained 70 points. Market sentiment is gradually recovering amid fluctuations.
After the bulls took profits in the morning session, Bitcoin started a pullback. This adjustment is actually within the expected range - the main tone remains to buy on dips, which is indisputable.
The key point is whether the middle band of the Bollinger Bands can provide effective support, with a core focus on the buying strength around the 91000 point.
The afternoon strategy tends to focus on going long at lower levels, while aggressive traders may consider a combination of shorting first and then going long. Key support to watch is around the 91000 level.
Specific operation reference:
Consider long positions for Bitcoin in the range of 91000-91500, targeting 93500. If it breaks through that level, continue to hold; if it fails to break, look for short opportunities.
Aggressive strategy: Attempt short positions in the 92300-92800 range, targeting a pullback to 91500. After breaking below, pay attention to the strength of support at 91000; if this position holds, switch to long decisively.
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