24/11/07 BTC Surges to 100K, ETH Rebounds and Analysis of Altcoin Opportunities
On November 7, 2024, it is worth noting that BTC has the potential to surge to 100,000 in the fourth quarter, and ETH is also showing a rebound trend, likely to return to 2800. So how should we grasp the oversold rebound of altcoins?
Last week's weekly candlestick showed a hammer, which is like a guiding light.
At that time, our viewpoint was that the price should not fall below 68400; however, it eventually dipped to 66666. Fortunately, it formed a descending wedge pattern along with a bullish divergence rebound, and from a technical perspective, we perfectly grasped this situation.
In fact, ever since the downward spike and rebound began from 55555, we have maintained a bullish stance and firmly believe that in the fourth quarter, BTC has a chance to reach 80 - 100K.
