On November 6, the price of Bitcoin began to rebound, with signs of a recovery for the bulls. The intraday trading during the day looks bullish.

CN
12 hours ago

Bitcoin rebounded after hitting a low yesterday, recovering some of the downward space. Fortunately, it did not continue to decline; otherwise, the market would have been filled with lamentations. The current price has recovered and warmed up, and the bulls may still need to make a certain pullback.

In the four-hour structure, the price is testing the mid-track for short-term pressure. Once it breaks through, the price may continue to rise, surpassing the 108,000 mark. From the chart, the MACD indicator shows a golden cross upwards, and the bullish momentum is starting to increase. If the volume expands, it will directly break through. Currently, the short-term price still needs to consolidate and rise.

For today, it is recommended to look for bullish opportunities around 103,200-102,800, with a target at the 106,000 mark. If it breaks, watch for the 108,000 mark. These points are for reference only.

Follow the public account, "What can relieve worries? Only Jiang Wei," a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the restless trading market, with experience spanning three bull and bear cycles and years of practical trading. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analyses, gathering unique insights.

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