BTC ANALYSIS November 9

- BTC has created a False breakout signal through the 36k price range according to the previous scenario I gave. Please refer to today's BTC commentary!

* On the D1 frame: Although yesterday's D1 candle was a bullish candle, it had a long upper shadow and closed below 1/2 of the amplitude, forming a Bearish pinbar candle with increased volume compared to the previous candles. It reflects the blocking selling force above.

- Structurally, yesterday's D1 candle created a false break through the old peak of 36k then pulled back down and closed below this zone. This reflects the weakening of price momentum.

* On the H4 frame: The H4 candle at the end of yesterday's trading session was a Bearish pinbar candle, with a long upper shadow creating a false breakout through the old peak of 36k along with a sudden increase in volume, showing selling pressure above. very strong.

- Looking at the overview, we can see that there are 03 bearish pinbar candles with long upper candle shadows in the 36k area, which reflects very strong selling pressure in this area.

=> Therefore, I still maintain the possibility that BTC will have a downward correction in the upcoming short term.