2025/11/10/BTC

The macro environment / The U.S. government is expected to end the longest shutdown in history this week, which may boost risk sentiment. In terms of the Federal Reserve cutting interest rates, sentiment has somewhat decreased, with the odds of a rate cut in December rising to 67%, still dominating; otherwise, gold would not have rebounded.

Technology/BTC has risen by 5000 points in the past 24 hours, breaking through two double tops in nearly a week. The first double top is at 104,000, and the second double top is at 103,500. This is a clear breakout upward structure. The trend indicator TRIX is in a long-term upward crossover, which helps to find bullish support from a technical perspective.

If the strategy/bearish position cannot continue, then it is better to follow the trend. It is recommended to enter a long position at the level of 104700 during the day, and it is not advisable to chase in directly. Additionally, control the position ratio at 13-15%, and consider a maximum drawdown of 3.5%.