Technical Analysis: BTC:
Recent overall trends show that Bitcoin has formed a significant top selling pressure in the range of 71600-73000, while the box support in the range of 68800-68200 is relatively solid, which can serve as an important reference for the subsequent trend direction. #BTC金LTC银
On the daily level, the three consecutive bearish candles have retraced to the daily MA14 moving average and stabilized. Combined with two favorable events expected to occur in the upcoming week, the market is likely to reach new highs in conjunction with the movements in November and December.
Currently, the market is showing a trend of "buying expectations, selling facts," with some profit-taking already occurring in advance. From the current trend, before the possible interest rate cut on November 8, the market may have a demand for a peak to better facilitate selling and operations.
In terms of operations, first look for bullish movements during the day and then pay attention to pullbacks, with upper resistance at 70300-70800 and lower support at 68800-68300.
ETH: On the daily level, Ethereum surged and then fell back yesterday, closing with a bearish candle, reflecting significant pressure during each round of decline, with short-term important support at the 2400 level. #EthereumEFT
In terms of operations, it is suitable for high selling and low buying during the day, with upper resistance at 2540-2560 and lower support at 2480-2460. #美国大选后涨或跌? #美国大选后行情预测 #非农就业人数大幅降温
I am long-term bearish. If you currently don't know how to position yourself, feel free to come to me and we can discuss together!