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#BTC 11.12 midday Bitcoin Ethereum market analysis and trading suggestions
From the current market performance, Bitcoin has officially opened up downward space after breaking through the key support level of 104500 last night. The overall trend has clearly shifted to a bearish one. The continuous bearish candlestick patterns clearly outline a one-sided downward trend, with sufficient release of bearish momentum, and market sentiment is obviously leaning towards caution. Ether has also failed to escape the weak environment, following Bitcoin's synchronized pullback, with the overall pace still suppressed by the larger trend.关住工种浩:胜东讲趋势
From the hourly chart perspective, although there are occasional slight rebound signs after the sharp decline, the three lines of the Bollinger Bands continue to diverge downward, and the MACD indicator is still operating in the bearish zone, with no obvious signs of volume exhaustion or divergence indicators for reversal. The current slight rebound is more inclined towards a technical correction, which is not enough to reverse the overall weak pattern.
Before a clear reversal signal appears in the trend, any rebound can be viewed as an opportunity to position short orders. It is recommended to remain patient in operations, waiting for the rebound to lose strength before choosing to enter short positions, following the trend and strictly controlling risks.
You can short Bitcoin around 103500 at midday, aiming for 102000.
Midday Ether can be shorted around 3450, targeting 33500 #CoinDesk11月报告Gate战绩来袭 #广场发币瓜分千U奖池 #XRP现货ETF将上线 .