November 12 Evening Market Analysis
Various signs indicate that the current position is approaching the tail end of a bull market, which may not necessarily be the highest price, and is somewhat similar to the situation in November 2021.
1: The signal for USDT.D is approaching the trendline position on the monthly chart.
2: The Bitcoin hourly chart shows three consecutive candles below the lifeline at 88150. This is the first time since the 5th.
3: The Bitcoin four-hour lifeline is at 86120, and it has just dipped below this price. Since this is the first touch, a rebound is expected, and it is anticipated that the closing at 8 o'clock will be above this position, giving us a reminder that some long positions are starting to understand. If the four-hour closing drops below the lifeline, it can be judged as a reversal of the four-hour trend downward.
