11.27

Bitcoin at high positions should not be greedy, look for short positions during the day!

The market never accommodates overly serious people; going against the trend will only lead to self-inflicted suffering. Overnight bulls suddenly surged, and Bitcoin directly broke through the 90,000 mark, peaking around 90,600, currently oscillating in the 90,400 area. We are also positioning ourselves for a short in the evening, which has brought considerable gains.

This short-term rebound indeed caught the bears off guard, but don't be misled by the apparent strength; a small-scale rally does not indicate a large-scale reversal, and the overall bearish pattern has not changed.

On the 4-hour chart, two solid bullish candles have consecutively risen, breaking through the upper boundary but showing signs of pressure. Although short-term momentum is strong, it lacks sustained support.

The core focus for the market ahead is the attack and defense of the 91,000 level: if it cannot effectively stabilize, the market is likely to face pressure and retreat; if it breaks through strongly and stabilizes, then it will open up upward space. Currently, it is absolutely not recommended to chase long positions at high levels; prioritize positioning for a retreat during the day, following the trend is the key!

Morning Bitcoin reference 90,900, short near 91,500, looking down to the range of 88,000-87,000.