11.3 BTC Morning Silk Road:

BTC has recently attempted to break through key resistance levels multiple times, all of which have ended in failure, and the bullish momentum is clearly weakening.

The MACD indicator forms a death cross above the zero line, suggesting a rising trend or a potential reversal; trading volume continues to remain low and shrink, reflecting a cooling market participation enthusiasm and a strong wait-and-see sentiment among investors; the weekly level top divergence pattern continues to ferment, further strengthening the expectation of a market adjustment.

Operational idea: You can take a small position to short in the range of 109800-110800, with the first target looking towards the range of 109000 and 108000.

It is essential to set stop-loss orders strictly during operations to mitigate the risk of short-term fluctuations.
#Gate跨所交易平台CrossEx上线