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#美国ADP就业数据表现超出市场预期 11.12 Morning $BTC trend analysis
Recently, the bearish forces have taken the upper hand, with consecutive bearish candles on the four-hour chart piercing through the middle Bollinger Band. However, it is worth noting that several candlesticks have long lower shadows, indicating that there is still buying support below. The Bollinger Bands do not show any clear signs of reversal for now, and the KDJ has entered the oversold zone. This drop from the high point has roughly amounted to around 5000 points.
The risk of continuing to short from this position is considerable; today we are mainly focusing on rebound opportunities.
Trading Idea Reference:
Consider opening a long position in the range of 102000 to 102500.
The rebound space is seen around 105000-106000.
If the upward momentum weakens after reaching the target position, you can switch to a bearish outlook.
$BTC $ETH $XRP