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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.
BTC-4.54%
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ChainSpyvip
· 11-17 11:30
The lower wick at 93000 is indeed beautiful, now we just wait for the buy low opportunity at 94800.
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InfraVibesvip
· 11-17 11:30
I saw that long lower wick at 93000, it really looks decent. But should I buy at 94000-94800? I have to see if it will drop again, it feels a bit precarious at this position.
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GweiWatchervip
· 11-17 11:29
The lower wick at 93000 is indeed beautiful, this rebound really has something to it. I also want to enter long at 94800, just afraid of another false breakout...
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AirdropFatiguevip
· 11-17 11:25
The lower wick at 93000 is really a lifesaver, and now the position at 95500 is a bit stuck, but I feel it won't go down.
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GateUser-44a00d6cvip
· 11-17 11:25
The 93000 level is indeed a bit stable at the bottom, but I still want to see if it can fall through before making any conclusions. The MACD is just something to reference, don't take it too seriously.
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DaisyUnicornvip
· 11-17 11:15
That long lower wick at 93000 is like a flower that has been bent by the wind and then straightened up again. This rhythm is a bit healing, huh... 94000-94800 is really a nice spot to add more, how can I not be tempted with the Bollinger Bands aligning like this?
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GasFeeTherapistvip
· 11-17 11:01
Can this point at 94800 really hold steady? It feels like this rebound is too fast, and I'm a bit worried.
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