November 12 evening market overview:
The current market may be nearing the end of a bull market, similar to the situation in November 2021.
Key indicators are as follows: USDT.D signal closely follows the monthly trend line, and Bitcoin's hourly chart has consecutively dropped below the life line of 88150 for three days, marking the first occurrence since the 5th.
The four-hour life line is tentatively set at 86120, having just experienced a brief dip before rebounding, and is expected to close above it by 8 o'clock.
This sign indicates that some bulls are starting to exit the market. If the four-hour closing drops below the life line, the trend may reverse downward. Investors should be cautious in their positioning.
