BTC Analysis on November 5:

- 1D Frame: Just as predicted earlier, after testing the resistance zone of 695x 2-3 times without breaking through, BTC quickly dropped to the 66x range and is currently recovering to the 685x zone.

The 685-687 range is also a resistance area on the D frame. If it breaks through, BTC will return to the 695 mark; if it fails to break through, it is highly likely to drop all the way to the 65x range before bouncing back from there.

- D4 Frame: Today marks the beginning of a new D4 candle, which usually means it will create a peak/trough. The D4 candle is still in an uptrend. However, with the previous D4 candle closing quite poorly, there is a possibility that this D4 candle will be red and have a lower trough than the previous D4 candle.

- W Frame: Currently in an uptrend and showing signs of green wick, even though today is only Tuesday.

=> My assessment:

- The 668 range this morning that BTC reached is still not the mark I was anticipating; I think the 655-665 range is more reasonable.

- However, smaller frames are showing a retracement wave. Need to observe whether BTC can break through the resistance zone of 685-687.

- If BTC ends the daily candle above 687, it will rise further; otherwise, the downtrend will continue, guys.

- For those who prefer shorting, you can enter with small volume + small stop loss, with a stop loss point at 688. It’s better not to watch this zone for another 1-2 4H candles.