November 10 Morning Outlook

From the daily candlestick chart, Bitcoin has formed a double bearish engulfing pattern, with the EMA trend indicator showing a downward alternating expansion and MACD decreasing in volume. The DIF and DEA are expanding downward, and the candlestick has broken below the lower Bollinger Band.

The four-hour candlestick chart shows an N-shaped pullback, with the EMA trend indicator maintaining a downward expansion of bearish momentum. If the previous low is breached, there is a high probability of forming a death cross, which would trigger another bearish trend.

Trading Suggestions

Bitcoin: 106500-107000 bearish, target down to 103000-105800, with a stop loss at 108000.

Ethereum: 3650-3700 bearish, target down to 3300-3600, with a stop loss at 3800.

(Personal opinions are for reference only; everything is subject to actual trading conditions!)

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