the evening of November 4

Good evening, everyone!
The Bitcoin is currently operating near 103719, with a weak pullback in the short-term trend. The K-line shows a pattern of slight fluctuations after a continuous decline. There is insufficient bullish momentum in the short term. Observing from the Bollinger Bands on the 1-hour level, it is currently in the middle-lower track range, close to the lower track support, but the middle track pressure is evident. In the short term, it may fluctuate in the middle-lower track range.
KDJ Indicator: Both K and D values are in the oversold area below 20, indicating the possibility of a short-term rebound, but the J value is still trending downwards, and the rebound momentum has not yet clarified.
MACD Indicator: DIF and DEA are below the zero axis, forming a bearish cross under water. Although the MACD histogram has slightly narrowed, it remains in a bearish trend overall.
Based on the analysis of the above points, the overall rebound momentum is insufficient. In the short term, it is still mainly a correction. It is recommended to operate a rebound to the range of 104852--105756, with the target looking towards the vicinity of 103265--102622.
The above is only a personal suggestion for reference, please refer to the operations of Haoyu Shipan for specifics!! $BTC