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2024.11.26 Night Analysis (btc)
The current BTC 4-hour period has broken through the continuous shadow for the first time, showing a choch reversal structure, and the entity has fallen below the rise trend line. Personally, I believe that BTC is very likely to have a pullback in the near future. The price transmission target first looks at the 50% position of the price range (around 83000). Pullback is for a better pump 📈. When the price adjusts to the discounted area below 50%, you can set up long positions again, and at that time, a large number of high-quality altcoins will provide a better entry position.
Currently, it is recommended to reduce position for profitable longs, take profit, and non-professionals can maintain a bearish attitude without going short. In a bull market, taking longer positions on dips is the right path!