November 10: Sell BTC rallies; follow the trend, don't go against it.
The Fed's hawkish remarks have raised expectations for rate hikes, keeping the dollar strong. Risk appetite for tech stocks remains weak. Tensions in the Middle East have eased, reducing safe-haven support and weighing on the overall market.
【Today's Plan】
Short entry zone: Position on a rebound to 75,500–75,800
Stop-loss: Above 76,200
Take-profit: Target 74,200–73,800
【Core Rationale】
After a high-volume drop to the 30-minute low of 73,333, the market entered a consolidation and recovery phase. The overall downtrend remains intact, and bears continue to dominate. The 75,500–75,800 range is a dense resistance zone where trading activity concentrated after the previous breakdown, with heavy selling pressure from trapped holders. A rebound to this zone therefore offers a short entry with a high risk-reward ratio. Historical technical patterns suggest that the first rebound after a sharp decline is often an oversold recovery. Without significant new positive catalysts, it is difficult to reverse the trend directly; the market is likely to encounter resistance and remain weak. This conclusion is based on past experience with similar price movements and is not guaranteed. The broader bearish outlook remains unchanged, and selling rallies is the core strategy. #BTC
The Fed's hawkish remarks have raised expectations for rate hikes, keeping the dollar strong. Risk appetite for tech stocks remains weak. Tensions in the Middle East have eased, reducing safe-haven support and weighing on the overall market.
【Today's Plan】
Short entry zone: Position on a rebound to 75,500–75,800
Stop-loss: Above 76,200
Take-profit: Target 74,200–73,800
【Core Rationale】
After a high-volume drop to the 30-minute low of 73,333, the market entered a consolidation and recovery phase. The overall downtrend remains intact, and bears continue to dominate. The 75,500–75,800 range is a dense resistance zone where trading activity concentrated after the previous breakdown, with heavy selling pressure from trapped holders. A rebound to this zone therefore offers a short entry with a high risk-reward ratio. Historical technical patterns suggest that the first rebound after a sharp decline is often an oversold recovery. Without significant new positive catalysts, it is difficult to reverse the trend directly; the market is likely to encounter resistance and remain weak. This conclusion is based on past experience with similar price movements and is not guaranteed. The broader bearish outlook remains unchanged, and selling rallies is the core strategy. #BTC
