11.07 After the normal callback, the bullish logic remains, continue to pull back and look for bullish signals. It is expected that the new 'cryptocurrency-friendly' chair of the U.S. Securities and Exchange Commission and the Senate Banking Committee will accelerate regulatory transparency for the industry, benefiting most projects. One of the more important projects this round, XRP, may become a key player, and the crypto-friendly environment is about to go crazy on the blockchain again.

Bitcoin will experience a wave of sustained pullback after rising sharply, which is normal. After a temporary surge during the day, it is expected to start consolidating. We should observe whether Bitcoin can maintain its upward trend near the first support level of 73500-73000.

BTC Daily - 4 Hour Level Market Analysis

Bitcoin's market has been rising sharply, continuously creating new highs. Every pullback is seen as profit-taking and selling pressure. The major support is expected to be around 73600, and if it breaks below, the maximum support will be around 72500. The upper pressure is the previous high near 76500.

BTC + ETH Intraday Level Analysis

 In the intraday market, Bitcoin is under pressure after pulling back, with the first minor support around 74500. If it holds, it can continue to rise. For now, I don't think it can hold. The upper pressure is around 75500. If it doesn't break, you can continue to short. When it approaches the major level near 73500, be cautious, as the bears are likely to exhaust and lead to further gains.

 Continue to focus on Ethereum's gains, as it is the key for the day. Since there hasn't been an end to the gains, the next best target position is for Ethereum to pull back to around 2750 and then look for bullish signals. If it reaches the previous high, it would be around 2800, but Ethereum's market is expected to be relatively strong.

The spot market has survived the hardest times, and now it is the season for harvesting or re-cultivating. I hope everyone takes good care of themselves and does not waste the two years of hard work. #山寨季将至？ #BTC创历史新高