On November 23, Bitcoin's latest market analysis reference is $BTC , including operational reference ideas.

Bitcoin Trend Analysis on November 23

Today, Bitcoin continues to fluctuate within a certain range, with the price encountering resistance several times when testing around 85000, and has not been able to break through for the time being. The current price is hovering around 84400, with an overall trend leaning towards consolidation, as the upward momentum is not strong enough to open up new space. Moving forward, it is important to closely observe the breakout situation in the range of 85000 to 86000; if it can stabilize, the upward trend may continue; otherwise, the market may continue to show weak fluctuations, and investors holding long positions are advised to prepare in advance.

From the hourly perspective, the Bollinger Bands are gradually narrowing, indicating that the volatility is decreasing. After multiple retracements near 83000, a rebound occurred, showing that the support in this area is relatively strong. The current market is operating between the middle and lower bands, but the upward momentum has weakened. Therefore, in terms of operations, a strategy of shorting at high positions and going long at low positions can be adopted. The main pressure above is around 86500, while the short-term support below is first at 82500, followed by the round number of 80000.

If the price rebounds to the range of 85800-86800, consider lightly shorting, with the stop-loss set at 89500, a stop-loss of 500 points, and a target looking toward below 84000.

If the price falls back to the range of 80300-81300, consider lightly going long, with a stop-loss of 500 points, the defensive position set at 78000, and a target looking toward above 82300. #美国非农数据超预期

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