11.5 Afternoon Analysis

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Yesterday, Bitcoin fell from a high point of 107800, and this morning it broke below the 100,000 mark, dipping to a low of 98909 before a slight rebound, showing a clear overall weakness; Ethereum also weakened simultaneously, retreating from 3297 to 3168 before stopping the decline and rebounding. Since Monday, we have consistently emphasized the layout for short positions, looking down to the 100,000 mark, and the correction targets for Bitcoin and Ethereum have been achieved as expected.

The current 4-hour chart shows a series of bearish candles, and the weak trend remains unchanged. Although there has been a slight rebound in price, the movement is weak and lacks strength, which is a typical weak rebound. In future operations, we should continue to adhere to a bearish strategy.
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Operation Suggestion:
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The range for Bitcoin is 102200-102800, with a target looking down towards the vicinity of 98900-99600.
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The target for the concave area of 3350-3380 is looking down towards around 3100-3150 #广场发币瓜分千U奖池 $BTC $ETH .