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Thoughts on the aftermath of BTC on November 25
"The sudden surge of BTC in the early morning is obviously a pulse-style rise—shooting straight from a low point to the 88500 level. It seems to be a strong momentum, but in reality, it is a concentrated release of short-term sentiment, which actually causes the bullish momentum to be overdrawn in advance.
Currently trapped around the 88000 level, the upward momentum has shown signs of fatigue: on one hand, the pressure drop near 89100 directly confirms the dual selling pressure from trapped positions and profit-taking, indicating a strong willingness for capital to escape; on the other hand, during the rise, the trading volume did not expand in tandem, but instead showed a typical weak characteristic of 'increasing price with decreasing volume', suggesting that this wave of rally lacks sustained capital support, making it fundamentally difficult for the momentum to continue.
BTC trading advice: rebound around 88500-89300, looking down to around 87000-85500.