$BTC 11.27 Bitcoin price today: Bitcoin has broken through the 90,000 mark, reaching above 90,500. In yesterday's morning analysis, we mentioned that after the previous consolidation, Bitcoin is still bullish. The rise that started from 80,537 has not ended, and the current market has confirmed this.
Returning to the structure, the overall structure still maintains our viewpoint from November 23 unchanged - the entire rise at present is essentially a rebound, and after the rebound ends, there will be a new round of decline.
In summary, the current rebound of Bitcoin is nearing its end, and long positions should take profit. Open a short position around 90400, with 10x leverage, one layer of the position, and prepare for additional layers due to the uncertainty in the detailed structure.
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$BTC 11.27 Bitcoin price today: Bitcoin has broken through the 90,000 mark, reaching above 90,500. In yesterday's morning analysis, we mentioned that after the previous consolidation, Bitcoin is still bullish. The rise that started from 80,537 has not ended, and the current market has confirmed this.
Returning to the structure, the overall structure still maintains our viewpoint from November 23 unchanged - the entire rise at present is essentially a rebound, and after the rebound ends, there will be a new round of decline.
In summary, the current rebound of Bitcoin is nearing its end, and long positions should take profit. Open a short position around 90400, with 10x leverage, one layer of the position, and prepare for additional layers due to the uncertainty in the detailed structure.