#加密项目

8.2 Weekend Morning Market Overview: BTC has experienced five consecutive days of decline on the daily chart, will it rebound this weekend or continue to fluctuate downwards?

BTC opened the day with a large bearish candle with upper and lower shadows, marking the start of five consecutive days of decline, with both high and low points decreasing, making short positions on rallies more appropriate.

Bitcoin has retraced nearly 6000 points in recent days, temporarily finding support around 11.3; the chart shows a bullish descending wedge pattern, where Bitcoin touched the lower trend line, broke down, and then quickly rebounded.

11.4 is the level where support and resistance switch positions; wait for a right-side breakout and stabilization above 11.4 before entering long positions, with a stop loss at 11.3 and targets at 11.5 and 11.56; conversely, if it breaks 11.4 and then falls back, short positions should be taken with a stop loss at 11.5 and targets at 11.3 and 11.2; simultaneously, if the trend line at 11.3 is broken and does not retrace, short positions should be taken with a stop loss at 11.4 and targets at 11.2 and 11.08.

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