BTC Day-Trading Update (November 09)

2023年11月9日

Very large sell-off overnight. Price dumped very quickly within two hours nearly 8%, only stopping after wicking thoroughly through our previous broken resistance turned into a Demand Zone.

Unfortunately, such a large sell-off is usually an indication of trend exhaustion, so after an initial bounce-back my strategy is to short back down for a re-test or breakdown of the $35,900 Demand Zone.

I will begin looking for entries around $36,800, waiting for lower-time frame entry signals.