Weekend Bitcoin Morning Insights on 11.10: The Market is Calm as Water, Waiting for the Frenzy After Gathering Strength!

During the weekend, the market is in a consolidation phase with little movement; Bitcoin continues to oscillate at high levels, and the market feels prohibited. Remember, the longer it consolidates horizontally, the longer it will go vertically; we just need to wait for a pullback!

Looking at the daily chart first, the Bollinger Bands are closing downward. Although the market has seen some upward movement, it has yet to break through significant resistance. Therefore, it is highly likely that the market will experience another pullback; the rebound strength will not be too strong, so the overall direction remains bearish!

Now, looking at the 4-hour chart, the Bollinger Bands are closing, and the coin price is facing resistance near the middle band. Currently, it is just in a consolidation phase, and the downward momentum is still quite strong. Once the correction is complete, we will see a wave of selling, so we still maintain a bearish outlook!

For Bitcoin's morning operations, Lin Kun personally suggests shorting when the price rebounds to 76850-77350, with a target looking down at the range of 75500-74500!