Bitcoin Market Analysis and Trading Suggestions on November 10 (Written at 3:49)

The current price of Bitcoin (BTC) is around 104,700. The K-line is near the upper band of the 1H chart and the MA200 intersection. Yesterday, the low position long positions below 101,500 were perfectly executed, reaching the third target of 104,400. The K-line just hit the 1-hour MA200 position, aligning with the ideal bullish position expected. The MACD continues to show strong green volume, but the KDJ and RSI are turning down from high levels, indicating a potential overbought situation. Caution is advised for chasing long positions; it is recommended to take profits and reduce positions while waiting for a pullback to the MA150 and mid-band support to enter long! The targets continue to look at the MA240 and MA280 positions.

In the 4H chart, it is evident that the K-line has broken through the high points of two ranges and is approaching the EMA60 position. The upper band position mentioned yesterday has been breached, indicating further bullish space for upward movement. During the day, continue to monitor whether the EMA60 and EMA80 range can break through for high short entries. The MACD green volume continues to increase, with the DIF and DEA widening. The KDJ is below 95, with three lines converging and still expanding upwards. The RSI is below 80, also showing a three-line upward divergence. The BOLL channel is opening, and the upper band is clearly rising, proving that the bullish space is not yet exhausted. Those preparing to short should be patient! It is advisable to maintain a low long position as the main strategy! If the EMA30 (103,200) is supported again, bulls can enter early without waiting for the 1H mid-band position.

Sell Points: ≥105,900 light short, stop loss above 107,200; take profit at 104,900-103,500-102,600; if it breaks below 102,000, you can continue to hold.

Buy Points: ≤102,600 light long, stop loss below 102,000; take profit at 103,900-104,800-105,800; if it breaks above 106,000-106,300, you can continue to hold.

The article review and push may be delayed; the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope you will always maintain a thirst for knowledge and a spirit of exploration in the days to come.

Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. Wherever and whenever, I cheer for you and look forward to your wonderful performance. I wish everyone smooth sailing and a bountiful return on the cryptocurrency journey!

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