The recent rhythm has been exceptionally good, especially with five consecutive turns yesterday.

Next, we look at the one-hour K-line of Bitcoin. The confrontation and suppression during the process are very obvious. On November 10, it was continuously suppressed around 106500. The selling pressure occurred around ten o'clock last night and nine o'clock this morning. However, one point that needs attention is that Bitcoin has broken through the high position. The selling pressure in the early session was first blocked by a spike. The next one-hour K-line has buying pressure against it. The five consecutive bearish candles in the one-hour session during noon and the three consecutive bearish candles in the evening both indicate that the bears are dominant. This confrontation will clear the high leverage around 106500-106800, so the market will turn downwards. This is our basis for being bearish.

Currently, the one-hour EMA 120 and 144 have already broken down.
It is recommended to short at 105200, add at 106500, and set a stop loss at 107200.
Consider going long at 102800, and conservatively consider around 101800, with a stop loss around 101200.
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