11/8 BTC Strategy Analysis
The recent market trends have been evident to all, as BTC has soared from around 65,000, driven by favorable news, reaching a new height of 76,900 this morning. However, the impact of the interest rate cut in the early hours was unexpected; although the results announced were positive for the crypto market, the price actually dropped by a thousand points. The saying that the end of good news is always bad news holds true.
After the K-line surged, there hasn't been much upward fluctuation, but rather a slow decline to around 75,600 currently, indicating that there is still pressure above. The market sentiment generally anticipates a downward correction. In the short term, the coin price may not continue to rise, and today's operation will focus on short positions.
