1. Multi-cycle Trend Core Interpretation

Today’s Bitcoin (BTC) trend shows differentiated characteristics across multiple timeframes. The daily chart has already exhibited clear reversal signals: the MACD indicator’s bearish momentum continues to diminish, and the fast and slow lines are about to form a golden cross, indicating that the long-term downtrend may be coming to an end, and upward momentum is gradually building. However, the short-term trend still continues its previous adjustment rhythm. Although the 4-hour chart’s downward trend, which started from yesterday’s 107,400 points, has slowed, the MACD bearish momentum is still ongoing, and no clear sign of a bottom has appeared. The 2-hour chart shows a consolidation after an upward correction, aligning with the recent oscillating upward framework, currently in a retracement phase.

2. Live Trading Strategy Planning

1. Short-term Short Position Setup: Based on the 2-hour chart’s retracement, consider establishing short positions around 103,400 in Bitcoin, with a take-profit at the previous 2-hour cross star level of 102,000. This level is the lower boundary of the recent oscillation range and provides strong support. If reached, profits can be taken promptly.

2. Medium to Long-term Outlook: The key level below is 101,500. If this level is effectively broken, it could open further downside space. From a medium to long-term holding perspective, 101,500 is an important target for Bitcoin, and investors can patiently wait for opportunities to position near this level.

3. Operational Logic Support: Since the 12-hour chart’s high of 1070, Bitcoin has already declined over 4,000 points, and the bearish trend still has inertia. Although there are signs of a rebound on the daily chart, the short-term adjustment is not yet complete. Therefore, the main approach remains to follow the trend with short positions, but caution is advised for potential rebounds or corrections after a daily golden cross forms.

3. Layout Sharing on November 12

Bitcoin: Enter short positions at market prices between 103,000-103,500, with targets at 102,500, 102,000, and 101,500.

Ethereum: Short at 3,420-3,450, with a target of 3,400-3,350.