#Strategy加仓比特币 Observation for November 11 Morning Session

During the early morning hours, the market movement was quite interesting. Bitcoin initially tested downward, stopping around 104,615, while Ethereum also dipped to around 3,527. However, the bears couldn't hold the position, and the bulls stepped in, causing the price to steadily rise—Bitcoin peaked at 106,249, and Ethereum also moved up to 3,582. The entire process was a typical oscillation correction.

Currently, this retracement isn't a big issue. Looking at the 4-hour candlestick chart, it closed with a bearish candle, indicating that the rebound momentum is somewhat weak, but the key support levels are still intact. The middle band of the Bollinger Bands is around 105,847, and this level has held firmly. The previous upward structure hasn't been broken. Essentially, the bulls are consolidating, shaking out short-term profit-taking, and making room for further upward movement. Therefore, the short-term outlook remains bullish; after digestion of the oscillation, the market is likely to continue upward.

How to approach trading practically?

For Bitcoin: Keep an eye on the 105,000-105,200 range and consider building multiple long positions gradually. Set stop-loss below 104,500 for safety, as losing this level would change the market structure. The initial target is 106,500; if a smooth breakthrough occurs, going beyond 107,000 is also possible.

For Ethereum: Follow the trend, entering long positions around 3,500-3,520 when suitable, with stop-loss below 3,470. The target above is 3,640, and if trading volume supports, 3,680 is also worth aiming for.