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#山寨币市场回暖 Morning observation on November 17



The market opened on Monday, and Bitcoin has taken quite a hit this time. After breaking below 100,000 USD, it has continued to drop to around 93,000. There have been several attempts to pull it back up, but they have all failed and it has been pushed down again. It’s clear that the bulls are a bit anxious at this point. Be very careful not to impulsively buy in at this level; if it continues to go down, you could get stuck with losses.

From the market perspective, there may be a slight rebound in the early session, but the strength is not expected to be strong. After a surge, it is likely to continue to move downward, and there are currently no signs of a change in the overall weak situation.

At this stage, the main trend is still a downward fluctuation. It is recommended to focus on shorting during rebounds.

Specifically, if Bitcoin rebounds to the position of 95000, you can consider placing a short position, with the target looking around 92500. $ETH $BTC $BNB
BTC-4.92%
ETH-4.92%
BNB-3.5%
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FancyResearchLabvip
· 11-17 00:20
93000 get dumped and can’t be pumped back up, this is yet another classic "theoretically should rebound" scenario. I bet five bucks this pullback to 95000 will get trapped, let’s just treat it as a little experiment, after all, the short order logic is the same.
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GasBankruptervip
· 11-17 00:19
93000 hardly has anyone taking it, this fall is really something... Rebound and then smash, it's a cycle, so annoying I don't know how long the short order can hold, anyway it's just a game of gambler's mentality.
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