🔔 Market trend analysis for Bitcoin on November 20:

Daily resistance range for Bitcoin 93180-94200
The daily support range for the pancake is 89850-88800

The recent hourly candlestick chart for Bitcoin shows a continuous upward trend, with the price rising from 90480.56 to 92318.13, forming multiple bullish candles, indicating a strong short-term rebound. The daily candlestick chart closed with a long lower shadow yesterday, and after the market opened today, it continued to rise, suggesting strong buying support at lower levels. The MACD histogram on the hourly chart is gradually expanding, turning positive from negative, indicating an upward short-term trend. The daily chart is still in a bearish zone, but the fast and slow lines are approaching the zero axis, showing signs of recovery. The RSI on the hourly chart is at 59.25, entering a neutral to strong zone, indicating enhanced short-term momentum. The daily RSI is at 48.26, not yet in overbought or oversold territory, overall weak but recovering somewhat. The EMA on the hourly chart EMA7(91198.46) and EMA30(91212.56) have both been broken, and the current price is far from the moving averages, indicating short-term strength. The daily EMA120(93659.48) still exerts pressure on the price. Hourly trading volume has significantly increased recently, especially with the surge at 05:00 on the 20th accompanied by a high trading volume of 2890, indicating concentrated capital entry. The daily trading volume has noticeably decreased compared to previous days, and market sentiment has somewhat eased.

Suggested operation:
Near the range of 93180-94200, look at 92750-91850.
The big pie is around 89850-88800, looking at 90250-91150.

(Personal opinions are for reference only and do not constitute investment advice!) #比特币行情观察 #BTC $BTC ‌