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11.10 Monday Bitcoin & Altcoin Evening Strategy
The morning short positions were not executed due to lack of downward momentum. The evening session initially declined then rebounded (gathering strength for a surge).
Long-term targets: Bitcoin 111600, Altcoin 3950. The market will verify these levels!
The short-term channel is opening upward, with moving averages rising and bullish volume continuing. Expect oscillations with a bias toward pushing higher, with dips providing opportunities for long entries.
Technical analysis: Daily rebound, four-hour channel strongly opening up, with room to grow above.
Trading suggestions:
- Bitcoin: Buy at 105000-105500, target 107000-108000
- Altcoin: Buy at 3570-3590, target 3640-3740