Bitcoin 11.12 Daily Trend Analysis

It really proves my saying that buying Bitcoin at any time is like buying at the bottom.

Last night I thought a 5000-point rise in Bitcoin in a day was already the limit, and I was considering lightly shorting at the 84800 level, but it surged nearly 10000 points yesterday, and my short was stopped out at 85400, but fortunately, the loss wasn't much.

After the market opened today, Bitcoin continued to soar, reaching the 90000 mark. Although there has been a pullback, it is still expected to rise.

The four-hour candlestick chart shows a bullish trend of a double bullish engulfing pattern. A short-term buy can be entered at the current price of 88800, with a stop loss at 88000. The EMA15 support point continues to rise to 83300. The MACD shows a divergence with increased volume, and the upper Bollinger Band pressure level to watch is 90400. The KDJ continues to expand upwards, indicating a strong bullish trend. The frenzy of the main force has already cleared most retail investors out, and now we can only watch. Pursuing long or short positions both carry risks; when the risk outweighs the reward, it is advisable to observe. Aggressive traders can pursue the long position.

For intra-day Bitcoin trading, the entry point is directly at 88800 for a long position, with a stop loss at 88000 and targets at 90400 and 92600. Manage your defense well, with small risks for large profits.

$BTC #牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #比特币搜索热度攀升 #Mt.Gox地址动向 #加密货币总市值破3万亿美元