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11.26 Wednesday Jingwen BTC strategy
Currently, BTC is in a consolidation range of 86000-88500 on the 1-hour chart. The trading volume reached 1.654 billion dollars, with moderate trading activity, but the net capital inflow is -53.96 million dollars, indicating a short-term outflow of funds. The overall market shows a range-bound pattern, with both bulls and bears repeatedly contesting within the Bollinger Bands' upper and lower bands, with no clear breakout situation yet.
The MACD indicator shows that DIF and DEA have a golden cross and continue to diverge, with the MACD histogram expanding positively, indicating that bullish momentum dominates in the 1-hour timeframe.
The trading volume and moving averages show that VOL is below MAVOL5 and MAVOL10, and the volume has not fully followed up, so caution is needed regarding the sustainability of the rebound.
Long strategy
Support area 86600-86800, buy in batches within the range, defend below 86000, first target 87900, second target 88500.
Short selling strategy
Enter a light short position in the range of 87900-88000, with a defense above 88600.
First target 87300, second target 86700 #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐 #BTC #PI