11.11 Afternoon Thoughts and Suggestions
From yesterday to today, Bitcoin has maintained a six-game winning streak, currently reaching nearly 9k points. The real-time sentiment over the past two days has been quite good. There's no need to envy these because envy has no meaning; in fact, you just lack that one opportunity. Accept your irrational impulses, calm down and think about your feelings when making profits, and always remember that you can also become someone others envy.
In the morning, Bitcoin surged to the high near 107470 in the 1-hour timeframe before quickly retreating. Although it again broke through the upper Bollinger Band resistance, it did not stabilize effectively, instead following up with a four consecutive bearish candle pullback. The previously flattening middle Bollinger Band is also showing signs of turning down, but the volume has started to shrink. If Bitcoin can effectively hold the range of 104000-104300 below, it will solidify the bottom support, providing strong assurance for future upward momentum.
Suggestions:
Bitcoin around 104200, target near 106500,
Ethereum around 3510, target near 3660
