11/5 BTC Idea
The price of the big cake has slowed down, and the overall market has not given too many strong signals, so we can wait patiently for the shorts to increase.
From the hourly line, the current K-line structure has formed a short-term oscillation range, and the middle track has formed a short-term suppression in the form and has not given any signs of continuing to break. This kind of oscillation correction still has a weak pattern.
The downward trend line formed at present, the shorts are strong and the election is approaching, creating a new low in the near future, so it is still necessary to implement the downward thinking. If there is no good news, it is necessary to continue to look down.
In the short term, the Bollinger band narrows and the price operation range shrinks, so the short-term oscillation structure will continue. Therefore, in the short term, it is still operated with an oscillation idea. High-altitude is the main and low-multiple is the auxiliary. There is no need to be greedy for too much strength.
BTC operation suggestion: around 68800, target 66500, defense 69500
