11.15 Friday, Bitcoin morning market insights

After a night of market changes, the price of Bitcoin has shown a downward trend again, and has now reached a low of 87,000.

Reviewing yesterday's market dynamics, the trend of rising first and then falling has given us considerable profit margins.

As far as the current overall market structure is concerned, it still shows a bullish trend. On the daily chart, after a continuous rise in the positive line, the market has a short negative line correction for consolidation. However, from the analysis of the strength of the correction, it has not caused a substantial impact on the current rising structure, and the market trend remains unchanged. We should continue to maintain an optimistic attitude and should not easily change the investment strategy due to a slight correction. Otherwise, we will only fall into a passive position and be dragged by the market trend.

From the 4-hour line, the current market is in a high-level adjustment stage, and the comparison of the strength of the long and short sides is still unclear. At the same time, the Bollinger Bands are gradually narrowing, showing a decrease in market volatility. If the current price is not effectively broken, the market may operate in a range-bound manner in the short term. In short-term operations, you can consider adopting a strategy of first going short and then turning to long to cope with market changes.

Friday morning recommendations

Buy Bitcoin at 87500-87200, up to 89000-91000

Buy Ethereum at 3060-3030, up to 3200-3300#美国初请失业金人数创2024年新低