As a veteran in the cryptocurrency space, I have been deeply involved in this captivating and challenging field for many years. Having experienced the ups and downs of the crypto market and witnessed the rise and fall of countless cryptocurrencies, I have accumulated rich practical experience and unique market insights. Investing is a long-term practice, and this is especially true in the cryptocurrency space. Continuous learning and enhancing one's cognitive and judgment abilities are essential to navigate this challenging domain steadily.

Old Yang from the Crypto Circle: Bitcoin Market Analysis on November 28, 2024

The recent trend of Bitcoin has attracted much attention, with the daily chart showing its price fluctuating between 90,000 and 97,000. After receiving support twice at the EMA12 trend support level of 93,500, it began to stretch upward. In terms of technical indicators, the MACD shows a decreasing volume trend, with the DIF and DEA at high levels indicating a bearish direction. The Bollinger Bands are gradually contracting, with the upper resistance at 103,000 and the middle support at 91,300, creating a large span of nearly 10,000 points. The KDJ has started to contract after encountering resistance in its downward spread. The overall trend is in a top divergence contraction phase, which could likely lead to a sharp spike. Given this, investors may consider placing short orders above 100,000. However, the current market sentiment remains predominantly bullish, so caution is advised when weighing long and short forces, and closely monitoring subsequent market changes is essential.

The four-hour chart for Bitcoin has returned to the high position of the EMA trend indicator, with a peak at 98,000 and a defensive position set at 99,000. The MACD is showing an increase in volume, with a golden cross between the DIF and DEA. The upper resistance of the Bollinger Bands is at 99,000, and the KDJ is approaching overbought territory as it spreads upward. In non-extreme market conditions, the bulls still dominate, so the operational strategy should favor buying on pullbacks to support, as the larger trend is bullish. Short-term positions can be entered based on support points.

Short-term Strategy:

Short from 97,800 to 99,000, add to position at 99,700, stop loss at 500, target at 96,500.

Long from 94,500 to 95,000, add to position at 93,800, stop loss at 500 points, target at 96,500.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk; investing carries risks, and caution is advised when entering the market.

This article is exclusively planned and published by Old Yang from the Crypto Circle. For more real-time investment strategies, spot contract trading techniques, and operational skills, feel free to consult me for learning and exchange. I have focused on BTC, ETH, and altcoin spot contracts for many years and hope to help you achieve remarkable results!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。