11.12 Stable and continuous short-selling, large orders press at 91000, be careful!
This market doesn't need analysis anymore, it's meaningless, just wait for the increase, pay attention to risks.
Bitcoin's market value surpasses silver's market value, becoming the world's eighth largest asset, with Bitcoin's market value currently at 1.741 trillion USD, and silver's market value currently at 1.735 trillion USD.
Is it safe to short in this market? The logic is to either pull back or go long; after holding the spot in this market, the issue is that a small pullback may happen in the short term. The best advice for this market is to not short Bitcoin, but to stay flat.
90,000 is the exit point for the big players; the market has slightly changed, starting to exit and enter. At this position in the market, temporarily do not consider exiting, let's first look at the pullback and consider going long on altcoins.
BTC Daily - 4-hour level market analysis
Bitcoin's market is continuously rising, with a pullback at midnight to clear leverage; the market keeps moving higher. The first point to reiterate is: do not short, do not short, once you short there’s no turning back. In the large-scale market, pay attention to selling pressure near 91000 and 92000, and buying orders near 85000.
BTC Intraday Analysis
· The intraday market logic for Bitcoin continues to rise; it feels like continuous short-selling is being induced, so what to do? Still bullish, just pay attention to the pressure on the order book; if there's no focus on the order book, the group chat or live room should be muted. · 85000 serves as a bottom support; the upper pressure is around 90800, with a lot of sell orders on the order book. Just focus on the market trend; there's no rush for the subsequent target, a pullback means continue to look long. In this kind of market, just reduce leverage when going short; do not casually short in this market, as it will backfire. The trend for going short hasn't reached the point, so there's no rush.
