10.11 Bitcoin (BTC) market analysis reference

The intraday rebound of Bitcoin has weakened, with the short-term upper resistance gradually moving down. The market is expected to break down and explore lower levels from the evening to early morning, with support moving down. Overall, the trend remains weak, so we must be cautious of the price breaking down further and testing lower levels, leading to a continuation of the daily downtrend. As of the time of writing, the coin price has retreated to around 115800, currently nearing the daily mid-axis support at around 116800.

Looking at the short-term hourly chart, the Bollinger Bands are opening downwards. During the evening to early morning of the day, there was a pullback of nearly 7,000 points, with the price dropping from around the high of 112500 to the position of 115800. The short-term price fluctuations are quite large, indicating the strong force of this pullback. Moving forward, pay close attention to the midline of the daily chart. If it cannot stabilize effectively, the price is expected to decline further. If it breaks down, a short position can be followed, but be cautious about securing profits. The short-term trend is quite weak, and it is anticipated that the pullback will continue, so it is temporarily not recommended to go long; it is better to wait for a rebound to enter. The upper resistance is focused on the 119000 area, while the lower support is at 115200.

10.11 Bitcoin short-term reference:

Short at 117800-118800, defend with a supplement at 120000, stop loss: 500, target below 116500,

The upper test warehouse point is 115200-114000, stop loss 500, protect 112500 to supplement, target above 116500,

There is a delay in sending the article, and the strategy suggestions are for reference only. The market is changing rapidly, and no matter how high the judgment and understanding of the market are, stop-loss and take-profit measures must be in place. Secure your profits #GateFunMeme创作大赛来袭 #美联储降息预期升温 #贝莱德连续七周增持BTC $BTC $ETH .