The evening market on Monday clearly stated that for Bitcoin, we should first look for a rebound before considering shorting near the upper 60-day moving average pressure area!

Monday Bitcoin Evening Strategy!
$BTC
After a weekend of fluctuations and downward movement around 67500, Bitcoin has effectively stopped falling and has shown a slight rebound. The best scenario during the day would be around 69500, but the upper side did not form a sustained breakthrough and instead faced pressure with a pullback for correction!

Currently, looking at the four-hour chart, after breaking the 68000 level, the market has shown a slight rebound. However, after touching the MA60 moving average on the upper side, the market has again declined. Currently, short-term pressure is mainly concentrated around the MA60 daily moving average and the middle band. The Bollinger Bands are contracting with all three lines moving downwards, while the MACD indicator's fast and slow lines are flattening out, and the bullish momentum bars continue to shrink. The KDJ three lines are gradually turning upwards, indicating that there is still a need for further upward movement in the short term. Therefore, in terms of operation, we should first look for rebound space in the short term, and only open a short position if there is no sustained breakthrough when approaching the upper 60-day moving average.

Specific points can be referenced

Short near Bitcoin 69500, looking at 67000, with a stop loss of 800 points! #美国大选后涨或跌？ #BTC市占率新高 #11月市场预测