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11.20 BTC Morning Silk Road
From the current market analysis, after six consecutive bearish candles on the four-hour chart, there has been a slight recovery. However, the rebound strength is clearly insufficient, and the price has not effectively broken through the middle band of the Bollinger Bands, indicating that there is still strong resistance above. Overall, the trend remains weak.
The hourly level shows an alternating oscillation upward structure. Although the price briefly stands above the middle line of the Bollinger Bands, it is still operating within the bearish zone overall. The current rebound is merely a technical correction in the downward process and does not constitute a trend reversal signal.
Suggestion: BTC: 93000-94000 for short, target around 90000-92000, if it breaks through, continue to look down at #BTC .