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On Tuesday, November 18th, weak downward trend, Rebound continues to short.
At the beginning of the week, Bitcoin was in a weak downward trend. After a round of probing the bottom at 93000, it gradually rose, reaching 96000 before falling back. Currently, it is at a low around 91200. Yesterday, Jing Sheng suggested to short Bitcoin around 95000-95500. The market trend is basically in line with our expectations, and those who shorted yesterday made good profits. The market is in a fluctuating downward pattern, and the Rebound continues to be short.
Firstly, it is already very obvious on the daily chart that there is a weak downward pattern, with the market continuously declining. The K-line has been falling with successive bearish candles, offering little in the way of rebound opportunities. Therefore, in a trend structure that is bearish, following the trend is the way to go. At the same time, the 4-hour chart is also gradually declining in line with the overall trend, and the rebound strength is weak. Thus, in a weak market, with the trend remaining unchanged, a rebound is simply a short opportunity.
On Tuesday morning, it is recommended to short Bitcoin at 92000-92600, with a target near 90000-88000 #美联储会议纪要将公布 #比特币行情观察 #美国结束政府停摆 #当前行情抄底还是观望？