Analysis and Trading Suggestions for Bitcoin BTC on November 12 (Written at 0:50)

The current price of Bitcoin is around 103,500. The intraday market has reached the 4-hour EMA120 (107,200) as expected, accurately providing long targets and high short entry points. The evening market is under pressure and has taken profits. Currently, the market is at the support level where the 1-hour MA120 and MA150 overlap, forming a potential stop to the decline and a chance for a rebound. The three lines of KDJ are at the 30 position, forming a convergence with an upward intention. The three lines of RSI are turning upwards from the bottom. There is a short-term demand for a rebound, so be cautious not to chase shorts at low levels, and continue to pay attention to the mid-track pressure during the rebound to choose high short entries.

In the 4H chart, the BOLL lower middle track's upward posture remains unchanged, while the upper track is pressing close to yesterday's high. Currently, the K-line has broken below the middle track and EMA30 support near MA30. The red bars in MACD are forming and expanding, with DIF and DEA dead cross waiting for further confirmation. The three lines of KDJ are pointing down, and the J line has entered the oversold zone, indicating a possibility of a rebound. The three lines of RSI are descending close to 30 and are starting to rise, so it cannot be fully confirmed as a reversal between long and short yet. Further attention is needed on whether the middle track and MA7 range can form pressure before choosing to enter high shorts. If the rebound is under pressure, today's lower target may again touch the 8-9 fluctuation low point (101,500) and the lower track around 100,800. Whether a significant short can be executed also depends on the daily closing performance, so the 4H dead cross is also quite critical!

Sell Point: ≥105,000 light short, stop loss above 106,000; take profit at 104,200-103,400; if breaking below 103,000, it can continue to hold until around 101,500.

Buy Point: ≤101,500 light long, stop loss below 100,500; take profit at 102,500-103,500-104,500.

The article review and push have delays, and the above points are for reference only. Please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.

Remember, the cryptocurrency world is not just about numbers and charts; it is an art about humanity, decision-making, and the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, I am cheering for you, looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency road and a bountiful return!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。