【2024-11-2 BTC Trend Analysis】
Currently, the Bitcoin market is still in a 4-hour correction. The first support level for this correction is: 69028.1. If the 4-hour correction does not break below this level, and then the 1-hour breaks above: 69989, we can continue to go long (the close must break and stand firm, no false breakouts allowed).
Target Level ①: 72572.7
Target Level ②: 73653.9
Screenshot Price: 69774.8
Entry: This depends on whether this correction will break the first support level. If it breaks below the first support level, this long position will not be valid, and we will enter a larger cycle correction, looking at the second support level. As for whether it will be valid, everyone can watch the real market. I plan to go out today, just a reminder, if Bitcoin or altcoins are stuck, don’t easily cut losses. If you don't understand, you can ask me; sometimes after cutting losses, the price goes up.
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