Silk Road on the morning of 11.5

Looking back at early this morning, the momentum of the K-line further concentrated and released, with market selling pressure surging like a tidal wave. The price of Bitcoin accelerated its decline, breaking through the key support range that the market had been paying close attention to. During the trading session, it showed a sharp drop, reaching a low of 98888, with the daily decline and short-term downward speed both setting recent records. The second cryptocurrency mirrored Bitcoin's trend, dropping to a new low of 3057.

From the current perspective, the momentum is extremely weak. Although there have been some rebound actions, the weak pattern remains unchanged. A large bearish candle on the daily chart has completely solidified the downward trend after breaking below the lower boundary. Continuous bearish candles on the 4-hour chart demonstrate the strength of the downward trend, and no rebound signals have been observed in the short term. The focus continues to be on high selling.
Operation Suggestions
Bitcoin: around 101800-102000, targeting near 100000
Two cakes: around 3320-3340, targeting near 3100 #今日你看涨还是看跌？