BTC: The third false breakthrough, the market is mixed

1. On November 24, Bitcoin launched its third attack on the upper edge of the weekly wedge. Although it briefly broke through and reached a high of 38414, it finally closed at 37713 during the day and failed to stand on the upper edge of the wedge;

2. The daily MACD trend is not good, and the small new high false breakthrough is not accompanied by the golden cross, but instead creates another top divergence;

3. Fortunately, the price is still running above the daily MA7 after the correction;

4. At present, the lower edge of the wedge also provides a certain degree of support. In recent days, even if it briefly falls below the lower edge of the wedge, it can be quickly recovered, allowing the price to continue to run within the rising wedge;

Overall, Bit's current situation is a relatively complicated mixed game, and it continues to continue the supporting role dilemma we mentioned. In the absence of fundamental assists, the second brother ETH continues to be slow to make efforts. In order to solve the remaining problems caused by the previous high during the year, the main players of Bitcoin have also fallen into an increasingly strong wait-and-see mood.

Speaking of which, 41 days have passed since the first wave of Bit was launched on October 17, and the 60-day deadline is getting closer and closer. As time goes by, the next offensive to the upper edge of the wedge is likely to be launched. This is the last opportunity for the year. If it succeeds, it will go up in one breath to open up space. Otherwise, if there is another false breakthrough, then the top structure of the year will be confirmed, and you can consider reducing some spot positions.

Focus on this week:

Offense: 38326, corresponding to the upper edge of the perimeter-level wedge;

Defense: Daily MA7, today's quotation is 37235, if it falls for more than three days, the strategy of shorting directly remains unchanged;