🔥 BTC UPDATE 11/08 – SHORT BIAS, WAIT FOR THE RETEST
BTC is currently showing a clearer SHORT bias. After a strong rejection around the 65.2K–65.4K zone, BTC made a sharp decline. More importantly, price has broken below the key MA/EMA support levels on both M30 and H1, suggesting that the short-term structure has shifted from bullish to bearish.
On the H1 timeframe, the short- and medium-term moving averages are trending downward, while BTC is currently trading around 64.0K, still below the dynamic resistance zone at 64.3K–64.5K.
👉 Preferred strategy:
SHORT on a rebound to 64.2K–64.4K
🛑 Reference SL: 64.6K
🎯 TP: 63.8K -> 63.5K -> 63.2K