11.10 On the four-hour chart, Bitcoin is in a bearish trend. After reaching a high of 75,700 yesterday, it faced heavy selling pressure and plunged all the way down. It’s now bouncing slightly around 75,200, but the overall direction is still downward.
The large bearish candle earlier confirmed the bearish trend. These few small bullish candles aren’t showing much strength; they haven’t recovered the ground lost in the drop. This is a pause in the decline, not a reversal. The morning strategy remains to look for opportunities to short the bounce.
Short Bitcoin near 75,500 on a bounce, with a target of 74,000. Short Ethereum near 2,150 on a bounce, with a target of 2,050#ETH #BTC
The large bearish candle earlier confirmed the bearish trend. These few small bullish candles aren’t showing much strength; they haven’t recovered the ground lost in the drop. This is a pause in the decline, not a reversal. The morning strategy remains to look for opportunities to short the bounce.
Short Bitcoin near 75,500 on a bounce, with a target of 74,000. Short Ethereum near 2,150 on a bounce, with a target of 2,050#ETH #BTC
