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Morning market analysis on Friday, November 28.
The price of the coin once again hit the 92,000 mark in the early morning, faced resistance and fell back. The multiple tests without breaking through are enough to show the strong pressure above.
In the hourly chart, the short-term rebound has not yet reached the upper band before entering a series of downward candles, indicating insufficient follow-through strength for the rebound. Meanwhile, the auxiliary indicators MACD and KDJ are both in a bearish arrangement, suggesting a tendency for continuation in the short term. Therefore, it is recommended to short on any rebound during the day.
Short near 91800 for Bitcoin, looking down to 90000, if it breaks down continue looking down to 88000$BTC