Based on the current market situation, Bitcoin has established a solid support at the lower boundary of the 92,000 range. Although the afternoon trading showed narrow fluctuations, it overall stabilized above the key defense level of 91,800, indicating that the bulls are actively defending the market in the ongoing battle between bulls and bears. Currently, the price is trading around 92,300, positioned slightly above the midpoint of the range. Short-term moving averages are gradually flattening and converging, trading volume is mildly shrinking during consolidation, which is a healthy technical buildup.

From a technical indicator perspective, the hourly MACD shows signs of forming a golden cross above the zero line again, with the green momentum bars beginning to slightly expand. The RSI has steadily tested upward from the 50 midline, indicating that bullish momentum is gradually accumulating. The key support zone of 91,800-92,000 has been tested multiple times with clear "multiple pin-like bottoms," forming a distinct short-term bull-bear dividing line. According to the range-bound operation pattern, if the price can sustain above 92,300, it is expected to test the upper boundary of the range at 93,500-93,800.

#Gate11月透明度报告出炉 $BTC

Bitcoin strategy: Long around 91,800, target 93,500
Ethereum strategy: Long around 3215, target 3280