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#数字货币市场调整 November 17 market data interpretation in the evening
This morning it fell to the position of 93000 and stabilized, forming a long lower shadow. Now the price has returned to around 95500 and is moving sideways, with the short-term moving averages already turning up.
The MACD red bars are continuously expanding, and a resonance signal has formed on the daily and 4-hour charts. There is still room for a rebound below the middle band of the Bollinger Bands, and the imagination space for this rebound has already opened up.
The view is simple: wait for a pullback to the range of 94000-94800 to consider entering a long position. The first target is 96500, and after breaking through, aim directly for 98000.
The technical aspect of Bitcoin at this position is quite healthy, with support confirmed as effective, and there is a greater probability of moving upwards in the short term.