Key economic data and events to focus on today: November 1, 2024, Friday

11.1 Morning Strategy, the first day of this month, and also the closing of the weekly K!

Yesterday was the same, looking back now, there is a bit of mysterious confidence.
Bitcoin had a slight rebound to 72700 yesterday, then fell all the way down, hitting a low of 69700 at midnight before rebounding, currently hovering around 70400. Today's daytime market is expected to show fluctuations with not much volatility. The key focus tonight is the non-farm payroll data release, and the trading suggestion is to focus on short-term strategies, as the non-farm data may have a significant impact on Bitcoin prices. Before the data is released, the market is cautious, leading to limited fluctuations during the day, and short-term trading can take advantage of opportunities within the range.
Short-term Bitcoin Trend

- Moving Averages and Bollinger Bands Situation: Short-term moving averages have touched the lower Bollinger Band and rebounded, which usually indicates that prices may gain certain support in the short term and have upward correction momentum. The lower Bollinger Band often plays a certain limiting and supportive role for prices in the short term, and this rebound indicates that there is some buying power in this area.
- Price Level: Currently, the price is around 70400, which is in a relatively key position. Combined with the moving average rebound situation, if it can stabilize here and continue to rise, it is expected to further expand the upward space.
- MACD Indicator: The MACD indicator shows that the green energy bars continue to shrink, which is a relatively positive signal. Generally speaking, the shrinkage of green energy bars means that the downward momentum is weakening, and the gradual rise of the hourly chart also confirms this, showing a trend of upward movement in the short term.
- Short-term Bullish Basis: Considering the above factors, being bullish above 70000 in the short term has certain technical support. The 70000 point can be seen as an important short-term support level. As long as the price maintains above it and various indicators continue to improve, the possibility of a short-term rise is relatively high.

Operation:
Bitcoin is expected to fluctuate around 696-700, with a target above looking at 706-708.

Ethereum is expected to fluctuate around 248-250, with a target above looking at 255-257. #美国大选后行情预测 #你问我答 #下一BTC历史新高是多少？ $BTC $ETH $SOL #BTC☀ #ETH🔥🔥🔥🔥