Bitcoin Market Analysis (November 28)

Behind price fluctuations lies a divergence of wills among people; they've simply chosen different paths. There's no right or wrong in this world, only perspectives. Trading is a form of self-cultivation; the market is your training ground. Experience and time don't make us grow; only reflection and summarization can help us gradually see our shortcomings and strive for improvement. Reaching the summit will ultimately be our shared goal. Hello everyone, I'm trader Gege. Bitcoin has recently seen a decent rebound and is currently fluctuating above 90,000. As mentioned before, 90,000-91,000 is the first key dividing line; whether it can fully stabilize remains to be seen. Today is the 28th, and the weekly and monthly closing prices will be on the same day. With the weekend approaching, the monthly chart pattern won't change much, so let's talk about the weekly chart first. Since the start of this week, the weekly chart has been trending upwards in a volatile manner. If it can stabilize above 90,000, the next key short-term point is near the opening price of the previous candlestick, which is also near the trend line, corresponding to a price around 95,000. For the current candlestick pattern to remain positive, the price cannot fall below 87,000 before the close. This would increase the probability of a consolidation phase without a significant drop next week. Also, continue to monitor the MACD lines; they are currently showing signs of breaking below the zero line. If the market continues its upward consolidation and the fast line turns upward, this would be a short-term bullish signal. Furthermore, the previous prediction regarding the monthly chart (that a further dip next month would present a good entry opportunity) also holds true.