11.5 Pancake Silk Road

Yesterday, I provided the trading strategy at the level of 108,000. The current price has fallen to 98,888, gaining a profit space of 9,000! The recent operational thinking is actually very clear; the core is to follow the trend and layout based on support and resistance levels. Support levels are not scary; what is truly regrettable is missing the opportunity to operate with the trend!

The market has seen a continuous decline in Bitcoin recently, as the market generally believed that the 100,000 level had strong support, but it ultimately failed to hold. The price has dropped to around 99,000 at its lowest. Fear and panic have spread throughout the market, causing investors to be in a state of confusion, with many facing liquidation, while short sellers have completely taken control of the market.

From a technical perspective, the 4-hour K-line chart shows that the price of Bitcoin has consistently been moving downward along the lower Bollinger Band, with a significant decline. Each rebound has shown weakness and sluggishness, failing to effectively reverse the downward trend. It is expected to maintain a weak pattern in the short term.
Large pancake operation suggestion: Place orders around 102000-102500, with the initial target at 100000. If it breaks below, look to follow the trend downwards, and be sure to set a stop-loss for protection. #比特币价格分析