Bitcoin Market Analysis and Trading Suggestions for 11.11 (Written at 1:15)

The current price of Bitcoin is around 105,300. The intraday market has reached above 105,900 as expected, validating the bullish outlook once again! In the evening, the K-line is moving downwards, located below the middle track of the 1H chart, close to the lower track and near the EMA200, where a rebound is observed. From the BOLL's convergence pattern, it seems that short-term support may be established again. It is suggested that those who have entered high short positions according to the previous analysis can take profits and exit. Although the DIF and DEA have crossed downwards, the price has not retraced significantly. There is a possibility of a low-level turn in KDJ and RSI, so it is recommended to maintain a primarily low long position. Continue to pay attention to the first support at the lower track and EMA200!

In the 4H chart, the BOLL three tracks continue to rise, especially the middle track and EMA30 support are lifting, indicating that the bottom support is continuing to rise. The upper track is already above yesterday's high, close to the EMA120 (107,200) position, which can be considered today's bullish target. The green volume in MACD is weakly contracting, and the DIF and DEA are briefly converging upwards. KDJ's three lines are sticking together downwards, and the three lines of RSI are close to 50, showing a potential turn for further upward movement, indicating available space above. The lower EMA30 and middle track can serve as important defenses for the bulls!

Sell Point: ≥107,200 light short, stop loss above 108,200; take profit at 105,800-104,600; if it breaks below 104,500-104,000, you can continue to hold.

Buy Point: ≤104,600 light long, stop loss below 103,500; take profit at 105,800-106,500-107,200; if it breaks above 107,500, you can continue to hold.

There may be delays in article review and push notifications. The above points are for reference only; please grasp the timing of buying and selling yourself. When entering the market, ensure proper risk control and avoid 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 ahead is 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 enhance 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, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, I am cheering for you, looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!

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