11.13 Market Overview:

Bitcoin (BTC) closed today with a hammer candlestick, marking the first bearish line in the continuous bull market over the past 7 days. The pin bar signal from the hammer indicates a bullish trend. Today's price action fluctuated roughly between 85229 and 90022, and the overall trend remains unchanged!

Yesterday, the U.S. stock market opened with the Dow Jones rising initially but then falling, showing a significant gap. By the close today, all three major indices had slightly corrected.

In my post last night, I mentioned that the U.S. stock market's opening today would definitely yield different results by the morning close. As expected, Bitcoin was once again driven up by the European and American markets during the night; what is lost will eventually be regained. I feel that the past few days have been a battle between bulls and bears, until a strong signal emerges, which is the 100K threshold. At that point, those who panic and FOMO will increase! Each back-and-forth struggle provides us with an opportunity to enter the market, so don't miss out!

The 4-hour chart has once again hit the trendline near 87K. Is this a false breakdown? Open long positions at 87K, with a stop loss at 86523. Just hold 9K. Accumulate on dips and open long positions on pullbacks is the way to go! When opening trades, just ensure you have a stop loss in place! During a bull market, significant rises and falls are normal for market cleaning, so whether you open long or short, always have a stop loss in place, or the market will eventually force you into liquidation! Currently, the resistance is at the previous high of 89940 with targets at 91264, 91955, and 92948, while support is at 84505.92, 82827.33, and 81148.74.

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