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11.12 Bitcoin Analysis:
Based on the 4-hour cycle structure, the market has shown a rebound after a previous low, with an overall oscillating upward trend. The characteristic of continuously rising lows is very evident. Although there has been a short-term correction, clear signs of stabilization have now appeared, so it is not advisable to aggressively short. Recently, the market has lacked strong trending moves, having fallen about 5000 points from yesterday to today. Short-term caution is needed as the market could reverse at any time. The trading strategy should mainly focus on low-buying opportunities.
Trading suggestion: Around 102,800-102,300, consider buying with targets near 103,800-105,000.