11.10 Afternoon Analysis Market fluctuations and cyclical movements exhibit significant nonlinear characteristics, similar to the relationship between market trends and individual decision paths, showing K-line-like ups and downs. After continuing its downward trend this week, BTC experienced a pulse-like rally this morning, reaching the 106,600 level (weekly high), consistent with the early strategy forecast, effectively capturing the phase market. From the current market structure, BTC faced resistance after reaching 106,600 and entered a high-level consolidation zone. This pattern aligns with the logic of momentum accumulation before trend continuation: after a rapid surge, a correction and adjustment are needed to repair the divergence rate, while completing the exchange of long and short positions to prevent volume divergence during subsequent breakthroughs. Based on technical indicators and the validity of support levels, the market remains in a bullish dominant pattern, so the core trading idea is to "retrace and lay out long positions." Afternoon trading suggestions: - Bitcoin: Short positions in the 106,700-107,200 range, targeting a decline to 104,700-105,200. - Ethereum: Short positions in the 3,640-3,670 range, targeting a decline to 3,550-3,450.

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