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11.24 Afternoon Analysis:
• Bitcoin: Enter short positions in batches within the 87500-88000 range, with target levels looking down to 85500, 84500, 83000.
• Two pancakes: Build short positions in batches in the range of 2850-2880, targeting 2750, 2700, and 2680 in sequence.
Within the 4-hour cycle, the Bollinger Bands show a downward convergence. Although there has been a short-term rebound with consecutive bullish candles, the upward momentum is insufficient to break the overall downward pattern. The bearish trend continues, and the core strategy is focused on high short positions.
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