Mr. Crypto: Bitcoin Market Analysis and Reference for November 27th

Bitcoin Price Analysis (November 27th): Bitcoin experienced intraday pressure and entered a consolidation phase. In the evening, the price rebounded after retracing to around 86,600. Currently, it's trading near the 90,000 mark, with short-term bullish momentum gradually recovering. On the daily chart, a double bottom pattern has formed recently, with lows at 80,600 on November 21st and 85,272 on November 24th. The market subsequently broke through the neckline at 88,500 and accelerated upwards to 90,418. On the four-hour chart, three consecutive high-volume bullish candles appeared (from 01:00 to 04:00 on the 26th), but the latest candlestick closed with a long upper shadow at the 90,000 level, indicating short-term selling pressure. Technically, the daily MACD's DIF and DEA have formed a golden cross below the zero line, currently at -5242 and -5180 respectively, with the histogram turning positive. The four-hour MACD fast and slow lines have broken through the zero line and continue to rise, with values of 565 and 218 respectively. On the moving average system, the price is currently holding above the daily EMA7 (88692), but is still under pressure from the EMA30 (96901); on the four-hour chart, the EMA7 (89106) has crossed above the EMA30 (87925). The key focus going forward is whether the price can stabilize around the 90,000 level. If it stabilizes, the price is likely to continue its upward trend; otherwise, it will likely return to consolidation. The recommended strategy is to sell on rallies. Bitcoin short-term trading strategy for November 27th: Sell at 90500-91500, with a stop-loss at 93500, target below 99000. Buy at 86300-87300, with a stop-loss at 500, target above 88300.