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11.2 Market Analysis
Yesterday's market experienced a surge followed by a drop. Bitcoin showed strong upward movement in the morning, reaching the 107,500 area before facing pressure and entering a phase of oscillation downward, hitting a low around 102,400 and falling over 5,000 points. Our high short strategy during the day yesterday has been validated by the market, and currently, it's not advisable to blindly chase shorts due to high risk factors. From a technical perspective, after a significant correction, there is a certain demand for a rebound in the short term. Moving forward, attention should be paid to the strength of the rebound, and operations should remain cautious, avoiding the temptation to chase highs or panic sell.
Operation Suggestions:
The pancake is around 102200-102600, targeting upwards to around 104000-104500!
The target around 3380-3410, looking up to around 3500-3550! #CoinDesk11月报告Gate战绩来袭 $BTC $ETH