Early Morning Market Observation – November 7:

Looking at the 4-hour chart, BTC has experienced a continuous decline, dropping the price to the 102,000 level. Fortunately, this level has held temporarily, and the price is now fluctuating around 10,140. From a technical perspective, the outlook isn’t very optimistic—KDJ indicators are still trending downward, and the MACD bullish momentum is clearly weakening. Additionally, the price is below the lower band of the Bollinger Bands, indicating that the room for movement is narrowing. In short, the short-term bearish trend has not yet ended.

On the 1-hour chart, although there were two bullish candles earlier, the rebound is unstable. Each attempt by the bulls to gain momentum is met with resistance from the bears. The MACD lines continue to extend downward, and the histogram remains below zero, signaling ongoing bearish pressure.

Based on multiple timeframes, the morning trading strategy is clear: sell on rallies. When the price rebounds to certain levels, it presents an opportunity.

Suxuan’s morning trading strategy reference:

BTC short entry zone: 102,300 – 102,800
Target levels: 100,200 – 99,500

ETH short entry zone: 3,350 – 3,370
Target levels: 3,280 – 3,260

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