11.16 Bitcoin Market Analysis Reference The Bitcoin intraday market has repeatedly tested but failed to break through the 96500 resistance line, and the upward momentum of the price has begun to weaken. In the evening, the trend is once again under pressure and pulling back, with the price running around 95500 at the time of writing. The overall market is blocked in its upward movement, entering a weak oscillation rhythm, with both long and short positions in a stalemate. The subsequent focus is on the breakout situation. If the short-term resistance above cannot be broken, the short-term weak rhythm will not change. Looking at the short cycle hourly chart, the Bollinger Bands are in a converging state, with prices under pressure and continuously pulling back, while the coin price revolves around the repair after the big dump. Although the market has not declined again, the subsequent supply of long positions is clearly insufficient. If the price cannot break through the 98000 level, it will recover part of the previous decline, and there is further risk of dipping support in the future market. I hope all coin friends can prepare in advance. The overall trend of Bitcoin remains in a stalemate, as the market has not broken upwards as expected, preventing the rise from continuing further. In the evening, the offensive of long positions began to weaken, and short-term signals of a pullback have been given, but the support at the previous low line has not been broken, so our operation still maintains Light Position high short and low long. 11.16 Bitcoin short-term trading strategy reference: short at 97500-98500 with a stop at 100500, stop loss: 500 target below 96800, long at 94800-93800 with a stop loss of 500, defend 95500, target above 99300, #Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 #美国结束政府停摆 $BTC $GT