Cryptocurrency Scholar: 11.13 Bitcoin (BTC) Overselling Does Not Equal the Bottom: Three Confirmation Signals the Technical Analysis Really Needs to Wait For After Breaking the Lower Bound on the Daily Line

　　Short-term profits are made from rhythm, not from guessing the bottom or the top. When you're feeling restless, first ask yourself: Is the position right? Has the signal been given? Is the stop-loss set? If you can't answer any of these three questions, don't take action. The rebounds after a sharp decline are the most deceptive; they may look like a reversal, but they are just a breath. Don't chase a long position after a big bullish candle, and don't chase a short position after a panic sell-off; wait until the price reaches the planned position before taking action.

　　The daily candlestick is a moderately bearish line with a lower shadow. The five EMA lines are all arranged above the current price, indicating a typical bearish pattern, and the price has not been able to return to even the shortest EMA15. In terms of MACD, the dual lines continue to widen below the zero axis, indicating that bearish momentum is still being released. The Bollinger Bands show a middle track of 77329, an upper track of 82569, and a lower track of 72088, with the current price of 71930 already piercing below the lower track; it is oversold in the short term, but overselling does not equal the bottom. The overall structure at the daily line level is still one of rebounds facing resistance and a downward shift in the center of gravity, with no stabilization signals yet appearing.

　　The four-hour candlestick is a small bullish line showing a slight pullback. The price operates below all moving averages in a bearish arrangement. The MACD has shown some convergence compared to the previous sharp decline, indicating that the pace of short-term selling has slowed and there is a demand for a technical pullback; however, the dual lines are still below the zero axis, and the pullback is more of a repair during a downtrend and does not yet indicate a trend reversal. The Bollinger Bands show a lower track of 72000, a middle track of 73890, and an upper track of 75781, with the current price just at the edge of the lower track. The TD indicator shows 6, and the pullback count has not yet completed; the strength of the pullback needs to be monitored to see if it can regain the short-term moving average around 73400.

　　Short-term Reference:

　　For upward movement, resistance from 71200 to 70700, stop-loss 500 points, target viewing 72000 to 73000.

　　For downward movement, stagnation from 73500 to 74000, stop-loss 500 points, target viewing 73000 to 72000.

　　Specific operations should be based on real-time market data; for more detailed insights, you can inquire with the author. There may be delays in article publication; the information is for reference only, and risks are to be borne by the reader.

Friendly reminder: The above content from the Cryptocurrency Scholar is synchronized and updated on major trading platforms such as Binance, OKX, Huobi, etc. For more content, you can add me as a friend in Binance OKX and join my fan group.

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[email protected]，本平台相关工作人员将会进行核查。