11.15 Market Analysis

Yesterday, it also touched a liquidity area of ​​91,800. In the early morning of yesterday, Powell mentioned in an important meeting that if inflation continues, he would consider stopping the interest rate cut, and then the 4h level ushered in a 2.38% draw gate market. The previous upward trend was confirmed to be broken. I personally think that it is more likely to go in a volatile downward market trend. For the time being, the American fomo sentiment has also declined. The premium index of Coinbase has also begun to weaken. If it does not break through 85,000, you can consider a short-term strategy of selling high and buying low.

It is worth noting that from the high point of 93,525 to the lower 75,000 is positive Fortunately, it is a drop of about 20%, which can just clear the long positions with five times leverage. Whether the previous bull market will continue around 75,000, we can wait and see

Summary:

After breaking through and standing firm at the high of the range of 92,000, continuing the previous upward trend, the probability of achieving this goal within three days is small

It did not break through 92,000 and did not fall below 85,000. The strong bull trend is likely to turn into a range shock

If it falls below 85,000, it will most likely turn into a bearish trend, which will be mentioned as a risk warning, because the long liquidity below is large, and the long liquidity below will continue to be cleared

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