November 12th, Wednesday Morning Trading Strategy

Bitcoin 4H Chart: After a sharp drop last night followed by a weak rebound, is this the right time to act this morning?

Last night, Bitcoin experienced a heart-stopping moment, dropping directly from around 105,000 to just above 100,000. It only slowly recovered to about 103,000 in the early morning. Over 24 hours, it fell nearly 3%, and the bears' selling pressure was relentless.

This morning's movement shows a pause after the decline, with the price fluctuating between 102,000 and 103,000. It didn't break last night's support but also lacks the strength to push higher. Currently, it is stuck below the 10,400 BOLL middle band, with all moving averages in a bearish alignment—classic "weak rebound without reversal."

Trading Suggestions:
Short Entry: Wait for a rebound to around 10,400-10,500. If the price hits this zone and then turns down, with MACD green bars expanding, go for a small short position. Set stop-loss above 10,600. First target 10,000; if broken, then look at 9,900.

Long Entry: Don't rush to catch the bottom. Wait for a pullback to 10,000-10,100 and confirm a golden cross on KDJ. Then, try a small long position, aiming first at the middle band resistance at 10,400.

Currently, the market is in a bottoming-out consolidation after the decline. Avoid chasing the rise or making reckless trades. Wait for signals at key levels before acting.