11.13 Friday Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations
Overnight, BTC continued consolidating at low levels, dipping again this morning to a new low of 70635. ETH saw little volatility, holding above 2000 and consolidating slightly. Overall, the bulls’ rebound is weak, and the lows have been tested repeatedly.
The plan in the early hours was clear: short on a rebound. The market moved down as expected and reached the target. Reviewing yesterday’s trades, all of Zhilan’s live-trading short positions were successfully closed for profit. BTC gained a total of 3489 points over the day, while ETH also captured a 49-point move. The timing was spot on.
The market is currently in a consolidation phase within a continuing downtrend, with bears still firmly in control. Daily chart: another large bearish candle has formed, and the center of gravity continues to move lower. If the price fails to rebound above 74000–75000 today, the daily downtrend will be officially confirmed. The price is also filling the FVG gap; the key question is whether the major support at 70000 can hold.
Four-hour chart: the price is forming a stair-step decline, with eight consecutive bearish candles. Each minor rebound has met resistance and fallen back. Bullish momentum is weak, and there has been no effective rebound or recovery. There are currently no signs of a bottom or stabilization.
One-hour chart: after a waterfall-like vertical drop and a brief consolidation, the price retested the lows. With no clear signs of a bottom, be cautious about trying to buy the dip.
For upcoming trades, the weak structure remains unchanged. Consider waiting for a rebound and then shorting at resistance. If there is no rebound, aggressive traders chasing the decline should use stop-loss protection and manage position sizes carefully.
BTC: Short if a rebound to around 72000–72600 meets resistance; targets 71000→70000
ETH: Short if a rebound to around 2020–2035 meets resistance; targets 1956→1900
$BTC
$ETH
$XAU
#黄仁勋辞任CEO，英伟达战略走向受关注
Overnight, BTC continued consolidating at low levels, dipping again this morning to a new low of 70635. ETH saw little volatility, holding above 2000 and consolidating slightly. Overall, the bulls’ rebound is weak, and the lows have been tested repeatedly.
The plan in the early hours was clear: short on a rebound. The market moved down as expected and reached the target. Reviewing yesterday’s trades, all of Zhilan’s live-trading short positions were successfully closed for profit. BTC gained a total of 3489 points over the day, while ETH also captured a 49-point move. The timing was spot on.
The market is currently in a consolidation phase within a continuing downtrend, with bears still firmly in control. Daily chart: another large bearish candle has formed, and the center of gravity continues to move lower. If the price fails to rebound above 74000–75000 today, the daily downtrend will be officially confirmed. The price is also filling the FVG gap; the key question is whether the major support at 70000 can hold.
Four-hour chart: the price is forming a stair-step decline, with eight consecutive bearish candles. Each minor rebound has met resistance and fallen back. Bullish momentum is weak, and there has been no effective rebound or recovery. There are currently no signs of a bottom or stabilization.
One-hour chart: after a waterfall-like vertical drop and a brief consolidation, the price retested the lows. With no clear signs of a bottom, be cautious about trying to buy the dip.
For upcoming trades, the weak structure remains unchanged. Consider waiting for a rebound and then shorting at resistance. If there is no rebound, aggressive traders chasing the decline should use stop-loss protection and manage position sizes carefully.
BTC: Short if a rebound to around 72000–72600 meets resistance; targets 71000→70000
ETH: Short if a rebound to around 2020–2035 meets resistance; targets 1956→1900
$BTC
$ETH
$XAU
#黄仁勋辞任CEO，英伟达战略走向受关注
