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#NFT领域强势上扬 11.11 Bitcoin evening trend observation
Last night, BTC quickly turned around after touching $107,473 and is now stuck around $105,000, fluctuating back and forth. The MACD red bars are getting shorter, and the bulls have clearly run out of steam this time. The short-term moving averages have all clumped together, making it difficult to predict the next direction.
The bulls now want to continue pushing up but are unable to do so, and it is highly likely that they will remain in this high range for a while. If the support at 105000 is not maintained, the next stop will likely be around 104000. Therefore, the risk of chasing long positions now is quite high.
It is recommended to wait for a rebound in operations——if the price can return to the range of 105500 to 106000, consider positioning for a short, with a target of 104000; if more aggressive, a break can be seen at 102500. Patience in waiting for opportunities is better than chasing blindly.
$BTC $ETH