Post

November 13 Bitcoin midday update:



On the weekly chart, the price is currently below the Bollinger middle band, with room to both the upper and lower bands. It has continued to fall from the 87370 area, with the middle band acting as clear resistance, indicating weakness on the higher time frame.

KDJ: K at 27.4, D at 49.8, and J at -17.3. The indicator has entered low territory, with J oversold. A technical rebound on the weekly time frame is possible, but no golden cross has confirmed a reversal yet.

Trading suggestion:

Short at 69800-69300, target 67500-65000, stop loss 70000

(Market conditions are ever-changing; for reference only!)
View Original
post-image
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BTCBTC-0.67%


Add a comment
Add a comment

Comment
No comments