Crypto world Red Sister 11.20: Bitcoin breaks below the key support level from the past two days, targeting 88000? Today's Bitcoin (BTC) latest market analysis and trading suggestions!

‍#逆势上涨币种推荐 #比特币行情观察 #当前行情抄底还是观望？ $BTC $ETH
The current price of Bitcoin is around 89000. The evening market has once again retraced and broken below the previous low. Currently, the K-line is near the lower track position. From recent market trends, it has been under pressure, showing a repeated oscillation and downward trend at the 4H middle track. The KDJ and RSI all indicate a downward expansion trend, and the red bars in the MACD have increased again, with the golden cross turning into a death cross, indicating that the downward space has not yet been completed. Throughout the day, attention can continue to be paid to the resistance near the rebound middle track position for short entry!

The support below looks at the 2-day moving average MA280 and the MA300 range. If it cannot stabilize, further adjustments to long positions may be needed. You can pay attention to the 3-day moving average MA200 (88000) nearby to find opportunities to enter long positions. Despite the current bearish momentum being quite evident, Hongjie still suggests not to chase shorts, in order to focus on maintaining high shorts during the rebound!

Selling point: ≥92000 light short, stop loss above 93000; take profit at 90500-89500-88500. If it breaks below 88000-87900, you can continue to hold.

Buy point: ≤88500 light long, stop loss below 87600; take profit 89500-90500-91500. If it breaks above 92000-92500, you can continue to hold.

There is a delay in article review notifications. The above points are for reference only. Please grasp the timing of buying and selling yourself. When entering the market, please take precautions and avoid heavy positions! Thank you for reading!