Cryptocurrency Circle Academician: On November 10, Bitcoin (BTC) reaches its last line of defense, how much space is below if it breaks?

　　Finished another piece, my hands are sore. Today, I really didn't move much, just stared at the market all day. If I can't understand it, I won't act; this is the rule I set for myself. If you're also staying up late watching the market, listen to me: sleep early, the market will still be there tomorrow, if your body is gone, nothing else matters. I update my market notes here every day, no calls, no pie-in-the-sky talk, just writing down what I see. If you find it appealing, hit follow, and let's endure this torturous market together.

　　From the daily candlestick chart, the price has already dropped below all short-term and medium-term moving averages, which is a typical continuation pattern of a downward trend. In terms of MACD, the green bars are still increasing, and bearish momentum has not exhausted. The lower Bollinger Band is at 73628, which is the last support at the daily level. Once it effectively breaks below, the space below will open up.

　　The four-hour chart shows a rebound from the previous low of 73333. It is noteworthy that the MACD green bars have started to shorten from the deepest point, indicating a decrease in bearish momentum and signs of a short-term rebound. However, the price remains pressed below the EMA15 at 75378 and the middle track of the Bollinger Band at 75571, which combined form the first level of resistance. The TD sequence just issued a 1, indicating that the rebound signal has just begun to be confirmed; it can't be said to be a reversal, just a technical correction after an oversold situation.

　　Short-term reference:

　　Going up, 74000 to 73500 faces resistance, stop loss at 500 points, target at 75000 to 76000.

　　Going down, 76000 to 77000 sees stagnation, stop loss at 500 points, target at 75500 to 75000.

　　Specific operations should be based on real-time market data for further information details can consult the author, the publication of the article has a delay, recommendations for reference only, risk is self-borne.

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