Daily Analysis (11.07)

Summary:

1. The US stock market opened high and rose by 3 points yesterday, and is currently weakening before the market opens. Even if the market fluctuates and closes negative, it is normal, and it is not ruled out that the market will open low and go high.

2. Currently, a 1h-level decline is starting from 76400. This 1h-level decline has already gone halfway. With the help of the US stock market opening low, it will almost be over if it goes down a little bit. As long as the interest rate is cut by 25 bp as scheduled at 3 am, the last 1h-level rise of this round of 4h-level rise will begin. Because the previous 1h-level increase was too large and left many gaps, as long as it cannot pass 83600, it will diverge and start a 4h-level decline downward.

3. Since the current 4h-level rise is far from diverging. So after a 4h-level decline is completed, there will be another 4h-level rise. By mid-December, if it cannot pass 88000, it will diverge, ending the daily level rise starting from 52500.

The premise of a bull market next year is that it will exceed 88,000 this year.

4. Review of the previous 1h-level structure.

5. Expectations of Ethereum's compensatory rise.

6. After a 1h-level upward movement is completed, consider the layout of short orders.

Operation:

1. At $ETH near 2800, make a long order on the right side to gamble on the expectation of compensatory rise. Small stop loss to gain a large space.

2. Long orders expire on Saturday. As long as $BTC does not hit 82,000 before Saturday, it will diverge and start to move downward at the 4H level. Since the previous 4H-level upward movement is far from divergent, after this 4H-level downward movement is completed, there will be another 4H-level upward movement until mid-December.

If you don't want to short, you can take a long position near 70,000-71,200. The cottage season will also explode at that time.