How will Bitcoin work? The 11,000 position has become a key tiger's mouth (long-short boundary ridge)

Market review:

After several trials yesterday, BTC failed to stabilize at 11,000. BTC fluctuated and fell in the early morning of this morning. The lowest fell to 10,812.23 USDT, and then continued to rebound and rise. It broke through 10,900 USDT for a short time, and the highest rose to 10,943.52 USDT. At present, BTC is finishing in a narrow range around 10900 USDT. Mainstream currencies basically follow the trend of the broader market, fluctuating and falling in the early morning and then rebounding and rising. BTC is currently at 10946.57 USDT.

BTC market analysis:

BTC market analysis:

From the daily chart, yesterday's K-line ended with a small sun, the upward force was not strong, and there was a strong pressure area above the 11,000 area. At present, although the market is under pressure and pulls back, it has not fallen below the 10800 first-line support below, so there is a high probability that the price will test upwards within the day. Once the previous high is refreshed, there is a chance to continue the upward trend and further test upwards. The attached indicator MACD fast-slow line golden cross is running upwards, and the energy of the green bulls is gradually being released. This shows that there is still a strong demand for a rebound in the general trend!

To sum up, Yitian believes that although the current trend is upward, the upper suppression is relatively strong, so the follow-up operation suggests that the callback should be mainly for long orders, supplemented by high-level empty orders.

Bitcoin operation strategy:

1. The price will step back on 10850-10900 and place multiple orders in batches. The target looks at 10950-11000, and the break through 11000 looks at around 11300;

2. The price rebounded at 11050-11000 and placed empty orders in batches. At present, look at 10950-10900-10800, and break through 10800 to see around 10750;