Tuesday, November 5th, Morning Market Insights
Overnight market weakened again
The decline has extended,
Yesterday's bearish outlook was once again fulfilled
Daily chart shows consecutive bearish candles and forms effective continuation
The candlestick chart shows six consecutive bearish candles, the market trend is extremely weak and has continuity
Rebounds have been swallowed by the declines, with a weak downward trend over the four-hour chart,
The overall trend structure is clearly in a bearish state
Cryptocurrency prices drive indicators to extend downward
On the hourly chart, the decline has halted and rebounded,
Short-term first bullish then bearish,
Participate following Ethereum's rhythm
Tuesday morning recommendation to short Bitcoin at 68200-68700, target focus on 65500-64000 line, follow Ethereum in sync!
In this market, there will always be a group of people who do not believe in evil. In fact, trading always has right and wrong, and in the game, there are wins and losses. You can choose to be one or the other, you should emulate and get closer, and in the end, you will always gain unexpected rewards.
