11.11 Bitcoin Morning Insights: Rebound Breaks Highs with No Continuation, or Down!

Overnight, Bitcoin reached a new historical high again, with the intraday price peaking around 81500 and then facing downward pressure, hitting a low of around 80100. The overall decline was 1400 points, and the current price is fluctuating around 80350. The strength of the rebound won't be much, so one can enter the market short at any time!

Looking at the 4-hour chart, the moving averages continue to cross downwards, and the bears still have room. The 1-hour chart keeps making new lows, with basically no rebound capability, so the bears are still in control. Remember, the rebound is just an opportunity to short. In such market conditions, there’s no need to overthink; just follow the market trend, and there will always be unexpected results. Go with the trend, short, and go short!

For Bitcoin's morning operations, I personally suggest shorting at the rebound price of 80850-81350, targeting a drop to around 79000-78500!

Flowing with the trend is light, while going against it is messy. Now that the bearish momentum is unstoppable, don’t keep thinking about bottom fishing. Downtrends don’t indicate a bottom; just continue to go with the trend. #BTC突破8W大关 #特斯拉市值重上1万亿美元 #山寨季分析 #BinanceLabs投资BIOProtocol #Solana涨势分析 $BTC $ETH $SOL