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

$BTC 11.12 Bitcoin Price Today: Yesterday's market trend can be said to be moving exactly according to the expected rhythm. In our analysis yesterday morning, we mentioned that Bitcoin would first surge to a high point and then pull back, with a target around 102,000.



We had already taken a mid-term long position at around 99,000 and took profit early near the 106,000 high, aiming to wait for this second pullback to set up again. Now that the price has retraced to the expected zone, there's no need to panic. This is a good opportunity to re-enter mid-term positions.

Based on the overall analysis, the mid-term structure continues to look like an upward 5-5 wave pattern. Currently, it has basically reached yesterday's expected retracement level. As planned, we are simultaneously positioning with Bitcoin stop-loss at 100,000 and Ethereum stop-loss at 3,250.

#BTC # Contract
BTC-0.3%
ETH-0.7%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
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)