Cryptocurrency Circle Liying: The surface calm of Bitcoin's sideways consolidation on 11.11 hides undercurrents! Latest market analysis and operational advice explained.

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3 hours ago

Li Ying in the Crypto Circle: Bitcoin Latest Market Analysis on 11.11

Article Published on 2025.11.11------00:45

The current price of Bitcoin is 105,200. Li Ying assesses that Bitcoin is currently in a short-term sideways consolidation pattern, with both technical indicators and external environments failing to provide clear trend signals. From a technical perspective, the appearance of the Evening Star pattern has released a strong bearish reversal signal, but the golden cross after the entanglement of moving averages and the short-term price being above the moving average system provide some bullish support, creating a situation of conflicting bullish and bearish signals.

The 2-hour chart shows a slight pullback after high-level fluctuations, forming an alternating K-line combination, indicating intense bullish and bearish competition. The daily chart has recorded two consecutive bullish candles, with yesterday's highest price breaking the previous day's high, indicating a short-term strong trend. However, the current price is close to the round number of 105,000, which may face resistance. The MACD shows weakened momentum on the 2-hour chart, while the daily trend is slightly bullish. The EMA shows a clear golden cross support on the 2-hour chart, with the daily bullish arrangement indicating a strong trend. Li Ying suggests a primarily bullish strategy, acting in accordance with the trend.

Short-term Strategy Reference:

  • Long entry at 104,000, stop loss at 103,000, stop loss of 500 points, target at 106,000.
  • Short entry at 106,500, stop loss at 107,500, stop loss of 500 points, target at 104,500.

The above content is exclusively original by Li Ying. Please indicate the source when reprinting! There may be delays in article publication review, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. I hope Li Ying's insights will be helpful to you!

The content of the article is time-sensitive and for reference only; risks are borne by the reader.

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