Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

#比特币波动性 $BTC November 21 Market Observation



Current quote: 85746. Don't be fooled by technical indicators showing a engulfing pattern and RSI entering oversold territory; this is more like a technical correction after a sharp decline, not a true bottom signal. The price is still hovering below the moving averages, and the overall trend remains downward. The position outside the lower Bollinger Band appears oversold, but in reality, it's just a weak rebound, and the bulls lack strong buying willingness. The shrinking volume doesn't mean the bears are tired; it indicates that buying power cannot keep up. After the rebound, it is highly likely that the market will continue to seek a bottom.

Trading strategy: Consider attempting short positions in the 86000-86500 range, targeting levels at 85000 and 84500.
BTC-9.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
MEVEyevip
· 4h ago
Short positions are still playing dead, waiting to sell during the rebound.
View OriginalReply0
airdrop_huntressvip
· 4h ago
It's the same old rhetoric again: a rebound means accumulation, hitting the bottom means more decline. I've heard it so many times my ears are calloused.
View OriginalReply0
ser_ngmivip
· 4h ago
It's that same story of "weak rebound, still gotta fall," sounds familiar... Can the short positions really hold this time?
View OriginalReply0
memecoin_therapyvip
· 4h ago
It's that same story of "weak rebound continues to seek the bottom." Just hearing this makes me sleepy.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)