BTC | November 13: Bearish today; favor shorting the rebound.

BTC continued weakening yesterday, falling all the way from around 74000 to around 70200, with a low of 70110. It has continued moving lower on the hourly timeframe, and rebound momentum is clearly lacking. For now, there are no signs of a bottom or reversal.

Today's trading plan:

Enter short at 70800—71400

Stop-loss at 72000

First target: 70000

Second target: 69500

Extended target: 68800

In a prolonged downtrend like this, don't keep thinking about buying the dip. Today's short entry range will be slightly wider than usual. I generally wouldn't make the range this wide, but market conditions are different now, so the priority is to leave room for price fluctuations.

U.S. tech stocks and the storage sector have remained under pressure recently. The market lacks clear positive catalysts, and risk appetite has yet to recover. Remain cautious and bearish in the short term.

If wrong, take a small loss and exit; if right, stick to the plan and hold. $BTC $ETH

‌#黄仁勋辞职 #BTC跌4% #美国10月PPI即将出炉