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Market Analysis for 11.10
Looking back at the early morning trend, Bitcoin recorded a four consecutive bullish rebound on the 4-hour chart, but the current price still has room for correction away from the core support level. On the 1-hour chart, after previously failing to test the support of the Bollinger Band's middle line, it has moved into three consecutive bearish candles, continuing to decline, and the Bollinger Band is continuing to narrow, indicating that market volatility is gradually decreasing. In the short term, it may face a new round of directional choices. Considering the larger bearish trend, short-term operations are advised to align with the overall downward rhythm.
Operation Suggestions:
The large pancake is in the range of 106200-106700, with the target looking down near 103000-104000.
Short in the ETH 3630-3660 range, with a target looking down around 3460-3510. #GateWeb3LaunchpadBOB上线 $BTC $ETH