Li Ying in the Crypto Circle: Latest Bitcoin Market Analysis on November 7

Article Published on 2025.11.7------01:00

The current price of Bitcoin is 101,200. Li Ying believes that Bitcoin is building a bottom at a low level, with short-term momentum strengthening. The price is close to a strong support level of 98,944 and has formed a bullish engulfing pattern, indicating that the market may attempt a rebound. The long-term trend remains weak, and there is a conflict between short-term momentum and long-term bearish alignment, which may limit the height of the rebound. The effectiveness of the key support level will be crucial for whether the market can strengthen further.

Currently, the daily chart is in a phase of consolidation and has not yet broken through the previous high point pressure. The short-term bullish strength on the 2-hour K-line has increased. The MACD shows a weakening of bearish momentum on the 2-hour chart; the EMA indicates effective short-term support, with an overall bearish trend. The strategy is to primarily focus on short positions at high levels, with long positions as a supplement. Li Ying insists on following the trend.

Short-term Strategy Reference:

• Long entry at 100,500, stop loss at 99,500, stop loss of 500 points, target at 103,500.

• Short entry at 102,000, stop loss at 102,500, stop loss of 500 points, target at 100,500.

The above content is exclusively original by Li Ying. Please indicate the source when reprinting! There may be delays in article publication review, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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