11.18: Monday morning market overview:

At 8 o'clock this morning, BTC closed with a cross negative line. A new week has begun. Last week, Bitcoin broke a new high and reached 93342. How will Bitcoin perform this week? Let's take a closer look at the market:

Figure 1: Bitcoin has been fluctuating in the range of 86702-91882 for a week. After breaking new highs on the 13th and 14th, Bitcoin has been fluctuating and callback, going down along the trend line. The continuous appearance of shooting star lines and hammer lines in the middle also gave us clear signals to enter the market. As long as we do a good job of taking profit and stop loss, we can basically make money, but the ratio cannot reach 1:1.5, but with a probability of 1:1, we can also try it. The buying and selling orders on the weekend were evenly matched. To put it more directly, the dealer placed a large buy order and a large sell order in two intervals to wear down the patience of the leeks.

In the 4H hour, if the big cake breaks through the trend line 90932 and closes with a big positive line to stand firm, it will go up after the shock market. If it cannot break through and stand firm, it will still be a shock downward market today. Support is around 90332. In fact, it is all box-in-box market now, and there is not much unilateral and extreme market. The position is the old position before. Only if the trend line is broken or broken, we will re-analyze the current market.

From the Bollinger Bands daily line in Figure 2, the big cake has now left the upper rail pressure range of the trumpet mouth, and the shock market trend has not given a clear signal; look at the MACD yesterday, the death cross downward signal did not come out; the RSI73 value belongs to the normal overbought value, and has not reached the extreme overbought of more than 90 in the bull market, and the bullish signal is still very strong; the J value is also in the overbought zone between 70-90; these numbers are normal values ​​in the bull market. The daily line has stepped back on the rising trend line for three consecutive times. If the trend line is not broken, the bullish market will continue to be long. If you can understand the second figure I drew, you should know how to make orders and set stop losses.

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