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Cryptocurrency News Video

11.18 Bitcoin market analysis: Bitcoin is still in a volatile structure, with the key support level at 85500. You can take long positions in batches or wait for breakthrough signals and then take advantage of the trend to do long positions (Bitcoin Contra

Nov 17, 2024 at 11:41 pm 比特币军长

What is the trend of Bitcoin today? What is the Bitcoin prediction? 11.18 Today's Bitcoin price trend: Bitcoin is currently around 89,500. The overall trend over the weekend was a volatile decline, but the magnitude was not significant. This wave of shock has lasted for four or five days and may end at any time. The direction after the shock is still to continue rising. Although the shock structure has a certain degree of randomness, it is not clear in what form it will be completed, but we can observe the following possibilities: The first situation is a triangular consolidation structure, forming a shock near 93,421, and then continuing to break upward. The second situation is to follow a larger ABC wave, rebound after falling, retrace again, and then go up after completing more complex adjustments. The third possibility is to go down quickly and directly start a new round of rise after completing the C wave adjustment. There is also a possibility of a small-level WXY structure, which will directly end the adjustment and move upward. Regardless of the form of the shock, the overall trend of Bitcoin remains upward, with the key support level at 85,500. As long as this position is not broken, the market does not have much risk. If you operate, you can choose to take long positions in batches during the shock, or wait for the breakthrough signal and then go long with the trend, and set the stop loss below the support level. The market is currently preparing for a new round of market conditions, so stay patient and wait for opportunities. To sum up the above analysis, last night I did not go up first to hit the second high, but came down first to hit the second low. Long orders can continue to be taken. The market is still in a volatile structure. You can adjust the ordering method that suits you according to the several changes in the video. 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