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11.3 Silk Road in the afternoon
Looking back at the morning, Bitcoin hit the resistance level of 110700 before strongly dropping to the low point of 107435. The second cryptocurrency also reached the resistance level of 3912 and then strongly dropped to 3715. The forecast provided by Yuze this morning accurately met expectations. We entered the market for orange futures in real time, with Bitcoin gaining over 2800 points and the second cryptocurrency gaining over 180 points.
The daily chart of Bitcoin has once again retreated downwards. Currently, the medium bearish candlestick is moving downward. As soon as the market opened, it faced downward pressure, providing us with little room for a rebound. This is a common pattern during market fluctuations, and it's the reason we dare to continue pursuing opportunities at this halfway point. Overly guessing the lows will only leave you hanging in the trees. From the 4-hour chart of Bitcoin and Ethereum, the pattern is consistent. The price has dropped directly from the upper Bollinger band to the lower band, and it has already broken through the support of the lower band. The downward channel has opened up, and the weak bearish market can be followed by doing just that. If the price gives us a rebound, we can directly jump in.
Operating Suggestions
BTC: Near 108100-108300, targeting around 106800.
Two cakes: around 3770-3790, target looking towards around 3650
#今日你看涨还是看跌？