November 13: The BTC downtrend continues. Rebounds face resistance, favoring trend-following short positions.
U.S. CPI data rebounded more than expected, while Fed officials issued a flurry of hawkish remarks. Expectations for rate cuts have been pushed further back, driving the U.S. Dollar Index and Treasury yields higher in tandem and keeping pressure on valuations of non-yielding crypto assets.
【Today's Strategy】
Short entry zone: Position on a rebound to 71,500–72,000
Stop-loss: Above 72,400
Take-profit: Target 70,800–70,500
【Key Rationale】
The 30-minute chart shows a stepwise downward structure, with the price dipping to 70,688 to set a new low for this period, clearly establishing bears as dominant. The MACD has remained below the zero line for an extended period, and rebound momentum is weak, leaving bulls unable to reverse the downward trend. The 71,500–72,000 area above is a dense resistance zone from previous trading. A rebound to this level is likely to meet resistance and fall back, making trend-following short positions at higher prices more consistent with current market conditions.#BTC #Anthropic Rejects IPO Delay: What Valuation Will It Seek at This Week's Roadshow?
U.S. CPI data rebounded more than expected, while Fed officials issued a flurry of hawkish remarks. Expectations for rate cuts have been pushed further back, driving the U.S. Dollar Index and Treasury yields higher in tandem and keeping pressure on valuations of non-yielding crypto assets.
【Today's Strategy】
Short entry zone: Position on a rebound to 71,500–72,000
Stop-loss: Above 72,400
Take-profit: Target 70,800–70,500
【Key Rationale】
The 30-minute chart shows a stepwise downward structure, with the price dipping to 70,688 to set a new low for this period, clearly establishing bears as dominant. The MACD has remained below the zero line for an extended period, and rebound momentum is weak, leaving bulls unable to reverse the downward trend. The 71,500–72,000 area above is a dense resistance zone from previous trading. A rebound to this level is likely to meet resistance and fall back, making trend-following short positions at higher prices more consistent with current market conditions.#BTC #Anthropic Rejects IPO Delay: What Valuation Will It Seek at This Week's Roadshow?
