Bitcoin Market Analysis (November 21)

Traders are often lonely, all wanting to continue on this path and reach the desired destination. Some seek mentors, some use Expert Advisors (EAs), and some are self-taught. You and I are all pilgrims; there's no need for regret, we are all on the pilgrimage. Hello everyone, I'm trader Gege. The tree desires stillness, but the wind never ceases. November has come to an end, and those hanging on the trees are waiting for the "north wind" to rise again. There is no market that only rises and never falls, nor is there a market that only falls and never rises; similarly, there is no trading that only profits and never suffers losses. Continuing from last time, let's review the previous strategy: a bearish outlook below 95,000, with a short position at 93,500, but the market only touched the 93,000 level. As for the long position strategy, Gege predicted based on the market that it would falsely break 90,000 before rebounding and fluctuating upwards before falling again. However, the market consolidated over the weekend without breaking through, and instead, it plunged in the morning with the help of news. I won't go into the news here, as I believe everyone has already seen it. When the market is down, everyone pushes it down; the worse the market is, the more negative things follow. After experiencing several bull and bear cycles, we get used to it. Today, both the monthly and weekly charts close. In the article on the 24th, regarding the forecast for this month (a bottoming out or breaking the bottom in December would present a good opportunity to build positions, expecting a wave of rebound and upward movement), I remain unchanged. Bitcoin's monthly chart shows a direct drop after the close, which actually strengthens my previous view. The decline after the close increases the probability of a rebound in the second half of the month. Pay close attention to the previous candlestick's upper and lower shadows. If it breaks through, refer to the lows around March-April; that first-line support level is also near the cost price of the micro-strategy.