11.13 BTC Market Analysis
BTC has been oscillating and consolidating for two days over the weekend, and the overall market fluctuation is not very large. Yesterday, in the early morning, a wave of retracement pierced the needle and the price dropped to the lowest level of 36738 and rebounded. The highest level was 37232. The current market is running near 37000.
From the technical structure of the four-hour chart, the Bollinger Bands are in a flat and narrow state, and the K-line oscillates near the middle track. While the market continuously pierces the needle and probes the middle track support line, it does not get a continuation, but quickly rebounds and collects the broken yin and broken yang patterns. In the case of no continuation of the long and short sides, the short-term market is temporarily in a shock correction. From the attached chart indicators, the MACD double line crosses downward, the bearish energy column gradually thins, and the KDJ three lines diverge upward. Generally speaking, the bulls still have the upper hand, so the short-term operation of the day is still mainly low and long, and high and short as a supplement!
Operation suggestions
BTC: Go long directly near 36900, target up to 37400-37800. Stop loss: 36400.
