Analysis of thoughts on the morning of November 24th

After experiencing a period of sideways consolidation over the weekend, Bitcoin has recently shown a slight rebound. However, this is not a signal of a trend reversal and essentially still belongs to a technical correction following a deep decline earlier. During the early morning hours, the price briefly surged to around 88100, but significant resistance above caused a rapid drop back to the 86000 level in search of support; although it rebounded again to the 87900 range, the overall momentum remains weak.

From the perspective of the 4-hour K-line structure, although it is currently showing a small upward trend supported by short-term support, it has not effectively broken through the core downward trend pressure, and the overall bearish pattern remains solid. In terms of operations, we should continue to follow the trend as a guide, focusing on short-selling opportunities after pressure at high levels.

It is recommended to short when the price rebounds to around 88400-89000, with the target looking down to 87000-86000; if it breaks, continue to look down to 84000.

(Radicals can short directly near the current price of 87950)
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