On the morning of 11-24, BTC continued yesterday's V-shaped rebound trend. After a strong rise from 84000, both volume and price increased at the 1-hour level, and the Bollinger Bands expanded. The short-term upward trend is clear. Key focus on the resistance range of 88500-88800; if broken, it is expected to advance towards 90000-91000. If resistance is encountered, the first support to look for is 86500, with strong support at 85500-86000.
Strategy:
A long position can be taken in the range of 86800-87300, with a stop loss below 86000, targeting 88800/90000; if there is a reduction in volume or overbought signals near 88800, a light short position can be tried, targeting 87500-87000.
BTCUSDT
Perp
88,339.3
+1.39%
