11.9 Monday Midday Market Analysis

Based on the current market action, BTC is repeatedly contesting the 75000 level, while ETH is attempting to recover under pressure in the 2100-2150 range. On the daily chart, BTC briefly dipped to 73333 early this morning before barely recovering to around 75800, which has now turned from support into strong resistance. Although the Bollinger Bands have narrowed due to lower trading volume over the weekend, the middle band continues to slope downward, meaning the first challenge for any rebound is resistance at the middle band. On the four-hour chart, MACD has formed a weak golden cross below zero, but the momentum histogram has expanded only slightly. This is a typical corrective rebound after a decline, not a bullish reversal. If BTC cannot reclaim the middle band near 76000, it will be difficult for the rebound to gain further ground. Overall, the market remains in weak consolidation within a downtrend, so the main strategy is to short rallies,
BTC trading suggestion: Short at 75200-75600, add to the position at 76500, take profit at 74750-73800,
ETH trading suggestion: Short near 2150, add to the position at 2180+, take profit at 2120-2080