November 10th Bitcoin Market Outlook

Brothers, I woke up early and the market surged. The small Zhuge's order book was helplessly hit. US media reports suggest the shutdown may end soon. Trump's reputation as a market mover is indeed well-deserved. Now, trading should be done with utmost caution.

Reviewing the early morning trend, BTC rebounded with four consecutive bullish candles on the 4-hour chart, continuing the technical correction. However, from the current market situation, the price still has some room to retest the key support below, with limited rebound strength.

Looking at the 1-hour chart, the previous test of the middle band support of the Bollinger Bands failed to stabilize, followed by three consecutive bearish candles, indicating short-term pressure. The Bollinger Bands are tightening, suggesting market volatility is gradually converging, and the market is preparing for the next directional breakout.

Considering the medium-term trend, BTC remains in a bearish rhythm. In the short term, trading should follow the main trend with a focus on high-selling strategies.

Personal Recommendations:
Bitcoin: Enter at 106,800-107,500, with targets at 105,000 and 103,800. If broken downward, watch for 101,500!
Altcoin: Enter at 3,650-3,680, with targets at 3,500 and 3,420. If broken downward, watch for 3,280!