Suggestion: Short in the 105800-106300 range, target 103000, break below watch 101000
Last night, Bitcoin surged strongly, once reaching as high as 106666. Congratulations to those who took full profit at the peak! However, the pace should not be chaotic. The market rose too quickly in the short term, and chasing highs can easily lead to being trapped. Currently, it is consolidating around 105500, with momentum beginning to weaken, and a technical correction is expected.
After a high-volume move, the MACD has started to shorten, indicating a short-term pullback is needed. The prudent approach remains—avoid chasing highs and bottom-fishing; wait for the right rhythm before taking action.
Market has its rhythm, profits have their rules. Be patient and wait for the pullback; opportunities are within the volatility.
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11.10 Morning Bitcoin Market Analysis
Suggestion: Short in the 105800-106300 range, target 103000, break below watch 101000
Last night, Bitcoin surged strongly, once reaching as high as 106666. Congratulations to those who took full profit at the peak! However, the pace should not be chaotic. The market rose too quickly in the short term, and chasing highs can easily lead to being trapped. Currently, it is consolidating around 105500, with momentum beginning to weaken, and a technical correction is expected.
After a high-volume move, the MACD has started to shorten, indicating a short-term pullback is needed. The prudent approach remains—avoid chasing highs and bottom-fishing; wait for the right rhythm before taking action.
Market has its rhythm, profits have their rules. Be patient and wait for the pullback; opportunities are within the volatility.