November 29th Zhenghe analyzes BTC

• Support Levels: First support at 89500 (lower boundary of the rising channel + upper edge of the rectangular consolidation), strong support at 88000 (bullish lifeline), extreme support at 86000-87000 (lower edge of the previous oscillation range)
• Resistance level: First resistance 92000-93000 (structural upward confirmation zone), strong resistance 93500-94000 (downward trend line + Bollinger Band middle track), target resistance 97000-100500 (medium to long-term measurement target)
Technical Indicator Signals
• Daily level: MACD and RSI golden cross, higher lows and highs gradually rising, presenting a fluctuating upward structure; the Puell Multiple indicator at 0.67 is close to the cycle bottom, suggesting that the mid-term bottom is near.
• 4-hour level: The EMA indicator shows the initial signs of a bullish arrangement, the MACD breaks through the zero axis, and the momentum indicator points positively, but caution is needed for a potential short-term pullback triggered by a death cross.
• Market structure: Weekly bullish engulfing pattern, strong support resonance formed in the $86,000-$89,000 range, the probability of a technical reversal increases significantly after breaking through $93,500.
Operating Strategy
• Long Strategy: Accumulate positions in batches when the price retraces to the 89500-90600 range, with a stop loss set below 8900 (single loss ≤ 2% of total funds); after breaking through 93500 with increased volume, confirm the pullback to add positions, targeting sequentially 97000 and 100500.
• Short Selling Strategy: Before breaking 93500, lightly short in the strong resistance zone of 92000-93000, with a stop loss above 93400; after breaking the support level of 88000, follow the trend to short, with a target of 86000-85000.
• Position Strategy: Existing long positions can use trailing stop-loss; reduce positions to avoid pullback risk after breaking the support level of 89500 #成长值抽奖赢iPhone17和周边 $BTC .