Tuesday Afternoon Analysis Suggestions

In the morning of Tuesday, the price once again dipped, touching the key support level of 67454. Subsequently, bullish momentum gradually emerged, pushing the price to recover slowly and rebound, with the highest level reaching 68900 so far. At the same time, our team has closely followed the rebound, achieving a gain of 640 points.

From the current market situation analysis, Bitcoin's daily chart continues to show a series of declines, now forming a pattern of six consecutive down days, with the price closing below the middle band. From the candlestick pattern at the weekly level and the MACD divergence phenomenon, there is an urgent need for adjustment at the weekly level. At the peak position of 73660, a short-term top reversal structure has formed, and we are still in the process of guiding technical indicators to change direction. At the smaller cycle level, the price continues to show a downward adjustment trend. Although there may be repeated movements of probing higher and then retreating in the short term, it is ultimately expected that there will be a significant decline, further expanding the downside space.

Regarding the current rebound, we still view it as a correction process of technical indicators. After the correction and rebound phase ends, the market is expected to enter a deeper stage of breakdown adjustment.

Tuesday Afternoon Suggestions

For Bitcoin, short at 68800-69300, initially targeting 67500.

For Ethereum, short directly at 2440-2430, targeting 2350-2300. #美国大选后涨或跌？ #美联储利率决议来袭