Bitcoin Price Hits New High: Influenced by the U.S. elections, Bitcoin prices have surged, reaching a historical high of $82,000.
● Ethereum and Others Following Suit: As Bitcoin rises, Ethereum has also seen a significant increase, with recent prices approaching a high level, leading the crypto market alongside Bitcoin.
2. Recent Profit Situation:
● Substantial Gains: From the weekend until now, trading Bitcoin has gained over 10,000 points, while trading Ethereum has approached a gain of 400 points, mostly through public strategies.
● Accurate Strategy: Early Monday morning, a strategy to buy on retracement was provided, and the market's retracement perfectly reached the suggested entry point, offering significant profit potential. In the afternoon, the strategy once again achieved over 800 points profit.
3. Market Technical Analysis:
● Overall Trend: The market remains in a consolidation phase, but the bullish trend has not changed, with a continued bullish expectation in the short to medium term.
● Current Movement: After a spike yesterday, Bitcoin has entered a short-term correction phase, but this downward movement has not significantly impacted the overall upward trend.
● Future Expectations: After undergoing periodic adjustments, the daily chart is entering a consecutive bullish pattern again; although not very strong, the structure is clear, and the consolidation and correction phase is mostly complete. Attention will be on the strength and duration of future highs.
● Trading Strategy: The short-term cycle is constructing corrective steps, and continuing to look bullish around the upper levels of this step is currently a more stable trading strategy.