#加密领域市场回调 11.6 Night Market Observation

Bitcoin showed weak performance in the afternoon, struggling to effectively break through even the middle band of the Bollinger Bands on smaller timeframes. Bulls have clearly lost their offensive momentum, and the bearish atmosphere is gradually dominating.

Looking at the four-hour cycle, the trend has been maintaining a downward oscillation pattern. The price has repeatedly been suppressed by the middle band of the Bollinger Bands, and there are no signs of a reversal in the downward trend. Based on the current structure, the operational approach tonight is still inclined towards establishing short positions at high levels.

Regarding Bitcoin: a rebound to the range of 103500-104500 can be considered for short positions, with a focus on support levels at 102000 and 101000. If these levels are breached, one should be wary of the possibility of a pullback to the 100000 mark.

Two Cake Strategy: A short position can be attempted in the 3450-3500 area on a pullback, targeting near 3320 and 3250. If it breaks further, 3150 is the next important support level.

Short-term market sentiment is relatively cold; pay attention to controlling positions and stop losses.