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#今日你看涨还是看跌?
Silk Road on the evening of November 6
Looking back at the market conditions, the afternoon big pancake faced downward pressure again after warming up to the high point of 104152. The second pancake rebounded to the high point of 3455 in the afternoon but fell under pressure, currently the market has dropped to a low point of 3357. In the afternoon, Yuze's orange silk was set, with the big pancake gaining over 1200 points and the second pancake gaining over 70 points. While good market conditions are important, without a good guide to lead you, you won't be able to grasp even the best conditions. Recently, there has also been a readjustment of thought and planning for the practical aspects, and the market sentiment is quite active. Those in need can directly reach out to Yuze for communication and learning.
Currently, the daily level has formed an effective double top structure, with significant pressure. The second contract remains strongly correlated recently, with movements basically in sync. On the 4-hour chart, the trend has shifted from a stair-step decline to a fluctuating downward structure, with the repeated switching of the patterns leading to a market.
The volatility of the market has intensified, placing higher demands on the timing of entry points. The current price is under pressure at the middle band of the Bollinger Bands, and the downtrend remains intact. The subsequent strategy to maintain a bearish outlook will not change. In terms of operations, it is suggested to first pay attention to rebound opportunities, and then set high sell orders, that is, to adopt a rebound trading strategy.
Operational Recommendations
BTC: Around 103500-103700, targeting near 102000.
Two cakes: around 3430-3450, target looking towards around 3300