#BTC☀ November 4th Early Market Analysis
In the daily chart of BTC, we see a long lower shadow, having rebounded after a minimum pullback to 67500, currently closing above 68500, just at the previous trend line. If the four-hour level does not break, we can consider entering long positions around 68000-68500, this position is an important boundary we often mention.
**News**: There are many important news this month, along with the upcoming elections and the interest rate cut data on the 7th, these two events have a significant impact on the market. In addition, there are some earnings reports being released, and everyone should seize the opportunity.
**Market Situation**: We continue to pay attention to the 67500-67685 position, which we have mentioned before. Yesterday the price briefly touched below 67500, proving our previous judgment to be basically correct. In the short term, for a healthy rise, BTC needs to effectively hold above 69460.
**Upper Focus**: 71000-71500 range.
