$BTC$ETH$SOL

(11.06 Midnight Analysis Issue 63)

Aim for 78000 or flood down to 68000?

Good evening~ Crypto traders! I am Jiu Ge.

Tonight's analysis has several key points, tailored to specific situations; let me first clarify my stance, bearish on the market! Although we are currently consolidating at a high level, the monthly golden cross does not prevent us from taking a profit of 3-5000 dollars first! Closed half of the short position at 627 today, all positions are profitable with over 1500 dollars gained. This morning at 75, I also posted that I had a short position at 647, making a profit of over 1000 dollars before closing half, holding onto the rest!

First, let's look at today's major events:

The US elections have concluded, Trump wins, becoming the only president in US history to return to the White House; this signifies the arrival of America's great industrial economic era and the new technological era, with the Angsa Group stepping onto the historical stage. Detailed content on this can be found in the morning's first analysis of over 5000 words; avoid if it's too long!

In the evening, the three major US stock indices opened high, all welcoming a new political landscape, and the crypto market surged across the board, with BTC entering an epic chapter!

Now looking at the market:

Strong, very strong, extremely strong! Rising all the way to 7000, a towering pillar opening the gates of heaven. In between, it retraced over 2000 dollars and continued the trend around 75000, maintaining high-level consolidation and fluctuation! Please see Image 1, is history once again standing on the trajectory of parallel space? Recently, I've indeed been thinking about heavily investing at the 64800 level, but there hasn't been an opportunity; however, don't be fooled by my continuous shorts, the final profit-loss ratio is actually positive!

The reason for looking back is that on October 1, it started to fall, entering the anticipated scenario, and when it started to rise on October 10, I also profited from that wave. Then in November, it fell again at 736, gaining another 5000 dollars, keeping a little for the 64800, but it didn't give me a chance. So I gave up on chasing the long! Therefore, as analyzed from the chart, the period from the 1st to the 10th of each month is the most exciting time in the crypto market; grasping these few days means grasping a month's profit!

So how to view the next steps: The daily line diverges, the weekly line diverges, the monthly line has a golden cross and is trending upwards; the long trend must still be bullish, needing to find a position to long on a retracement. Will it go straight to 78000? I think that's unlikely; with the daily and weekly line divergence, it definitely can't be chased high. I'd rather take the hit on shorts than go long on BTC; even at 76000, I still insist on not changing.

One article can't hold anymore, moving on to the next one.