New Horizons Daily Market Analysis: November 8
$BTC From the 4H to daily range perspective, the trend has reached a mid-phase of fluctuations, "One Yang covers three days," next Monday is a potential turning point, and the bulls will do their utmost to protect the previous historical high point area.
The current price is still within the original range, with a bullish outlook in the long term, and medium to long-term positions should continue to be held. I personally maintain my previous viewpoint!
From the 1H perspective, there are two key points in the current market: on one hand, after a significant rise, it is not advisable to chase high prices; on the other hand, the short-term bullish structure below is complete. In summary, "Do not chase short-term rises, be bold in buying on dips!"
Short-term support at 75218~74772 (quick entry and exit), second support at 73777~72502, medium-term resistance at 78987~80024,