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Silk Road on the evening of 11.5


Reviewing today's market trends, Bitcoin made a strong bottoming out in the early morning with two rounds, breaking through the 100,000 mark and hitting a low of 98,888, starting a rebound trend. In the afternoon, it warmed up and fluctuated around the 102,000 mark. In the evening, it gathered strength again and surged high to 103,393. The altcoin followed Bitcoin's movement, sharply dropping to the 3,054 level in the early morning before rebounding, and in the evening, it welcomed a second round of high recovery to the 3,375 level.
Based on the current market situation, the four-hour level shows a rebound with two consecutive bullish candles. However, the upward momentum appears somewhat insufficient, and the overall market is still steadily operating within a downward channel. The three lines of the Bollinger Bands are all inclined downwards, which undoubtedly indicates that the overall market is still dominated by the bears. Focusing on the one-hour level, it also presents an upward trend with two consecutive bullish candles, but the upward momentum is noticeably weak, greatly limiting the upward space of the market. It is quite challenging to reverse the overall downward trend. Therefore, this evening, we might consider operating with the bears in mind.
Operation Suggestions
Bitcoin: Fluctuating around 103500-103700, targeting near 102000.
Two cakes: around 3380-3400, targeting around 3250 #今日你看涨还是看跌?
BTC-1.05%
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