November 4th Morning Thoughts
Looking back at the overall downward trend of Bitcoin during the night, it is currently fluctuating around 106900. From the daily chart structure, Bitcoin is operating near the lower Bollinger Band, with KDJ trending downwards, MACD trending downwards, and an increase in bearish momentum.
In the morning, I personally believe:
🔹 The pancake rebounds to around 107500–108600, consider a short position, targeting around 106400–105300.
🔹 The second pancake rebounds to around 3670–3720, with the target looking towards around 3610–3570. #Gate新一期储备金报告出炉 #参与创作者认证计划月领
Looking back at the overall downward trend of Bitcoin during the night, it is currently fluctuating around 106900. From the daily chart structure, Bitcoin is operating near the lower Bollinger Band, with KDJ trending downwards, MACD trending downwards, and an increase in bearish momentum.
In the morning, I personally believe:
🔹 The pancake rebounds to around 107500–108600, consider a short position, targeting around 106400–105300.
🔹 The second pancake rebounds to around 3670–3720, with the target looking towards around 3610–3570. #Gate新一期储备金报告出炉 #参与创作者认证计划月领
BTC-1.03%


















