Trading strategy for the evening of November 13

The morning market continued to trade at low levels, with prices fluctuating narrowly between 1025 and 1035, failing to break through the MA20 resistance. The trading volume during the rebound remained weak, completely not keeping up with the price rhythm, which is a typical signal of weak rebound. Technically, the bears still dominate: moving averages are in a bearish arrangement, prices are below the MA20, and the MACD death cross has not changed, only showing shrinking green bars. The KDJ has a golden cross but did not drive a trend reversal, at most indicating a short-term weak rebound. From a funding perspective, it is more direct, with a net outflow of 1.23 billion in contracts over 24 hours, and spot trading is also flowing out, with obvious bearish sentiment among large holders.

Short entry point: If the price rebounds to the 105-1056 resistance zone, you can enter as long as there are signals of stagnation such as a long upper shadow or a MACD crossover; if it directly breaks below the lower Bollinger Band at 1008 with increased volume, you can also follow the trend to short.
Stop loss: 1065, providing sufficient volatility buffer.
Target: First look at 1008, if broken, then look at 99.

Before the short-term breakthrough of the 1056 resistance, the oscillating bearish pattern is hard to change. Any rebound is a shorting opportunity, don't blindly try to catch the bottom~

#CoinDesk11月报告Gate战绩来袭 $BTC