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11.21 Warming Evening BTC Thought Analysis
Last night’s dip in BTC indeed made people sweat. We provided a bearish outlook early on, and it coincidentally hit this downward trend. Now on the 4-hour chart, the price is running close to the lower Bollinger Band with no rebound signal in sight. After each brief correction, there is a risk of a deeper secondary dip. Although the 4-hour level shows signs of a three-wave stabilization and the price has support from buying at the lows, the K-line body is relatively full, and the price remains trapped in the lower channel, indicating that there is still room for further decline. The morning operation should still focus on a high-sell low-buy rhythm; there’s no need to rush for a rebound~
Operation suggestion: 86200~86000 Short
Target: 84500, 83000