Trading strategy for the morning of Tuesday, November 25

I just looked at the Bitcoin 4-hour chart, and it's now stuck around 88600. This position is quite interesting—here's the conclusion: short-term fluctuations are leaning towards bullish, but don’t chase directly; wait for a pullback/breakout before making a move.

go long

The RSI and KDJ are both a bit overbought at this position (especially the J value is already 81), directly charging in could easily lead to catching a falling knife.

Entry point: Wait for a pullback to the 87500-88000 range to enter in batches, or wait for a breakout above the resistance level of 89670 with increased volume before chasing (a confirmation with a retest after the breakout is better).
Stop loss: If 86100 can't hold, then withdraw. This is the recent strong support, and if it breaks, the short-term bullish trend will be gone.
Target: first look at 91000, stabilize before touching 93200.

short selling

Don't rush to short now, after all, the spot buying is still supporting it, and the MACD has just formed a golden cross.

Short entry point: If it stalls around 89670 with reduced trading volume, or if it directly breaks through 86100 during a pullback, then consider going short.
Stop loss: Don't hold onto short positions, run when it breaks 90000.

Summary:

We are currently in a "neither up nor down" phase. Either wait for a pullback to buy more or wait for a breakout to confirm the direction. Don't take on too much position; the volatility is still high these days, so strictly use stop-losses!
#加密市场回暖 $BTC