Bitcoin market analysis on November 11

Last night's CPI data was positive for Africa and the United States, stimulating the market to rise thousands of points in a short period of time. The Nasdaq also rose sharply by 7%. The market is currently under pressure at the 4-hour MA20 level. Because of the positive factors for CPI, the price is also close to the support level. , you can consider continuing to rebound today

Pay attention to the position near 16900, the previous support level. If you can step back to this position again, you can consider a rebound.

For the time being, pay attention to the pressure level near 18000, where the 4-hour level MA20 is located. Because the distance is still far away, the main force is still long. Wait until there is an opportunity to go up and then consider it🈳️, and be careful to bring a good stop loss for light positions.

Personal point of view, only for reference