11.4 BTC Silk Road Market Analysis

In the morning, BTC surged to the 110,000 level before quickly falling back, with an intraday low dipping to 105,300.

From the current market perspective, after a significant decline with a large bearish candle, the four-hour level has successfully stabilized and started to rebound, with the price rising above the lower Bollinger Band. The KDJ and RSI indicators are all turning upward in unison, and the bullish candle body is robust, indicating that the market is in a technical rebound phase. However, it is important to note that the Bollinger Band still maintains a downward opening state, and the MACD double line death cross pattern has not changed, suggesting that the overall trend remains weak. It is recommended to first pay attention to the strength of the rebound; if it cannot effectively break through key resistance levels, the operation should still prioritize selling at highs.

BTC: Trading around 108000-108500, targeting 115000, need to set up good defense.

Two pancakes: Make a short position around 3700-3730, aiming for 3600, and ensure to set up a defensive strategy #比特币价格分析 .