Morning market dynamics update:
Bitcoin price once again broke through the $58,000 mark, and Ethereum also reached 2,399. The bullish rebound trend we analyzed earlier is still continuing, and there are no signs of overbought yet. Our long positions are still held, and the profit of a single position mentioned yesterday is expected to exceed 300%, and some of this goal has been achieved today. As the rebound continues, we expect profit margins to increase further.
The market trend is just as Lao Liu expected, and the bullish force is still strong. Yesterday's slight decline is more like the market clearing unstable retail positions. Today's daytime may continue to experience fluctuations in preparation for the release of CPI data in the evening, which may cause large fluctuations in the market.
From the technical structure, the current rebound has not yet ended, and we have reason to believe that the price has the potential to hit the $60,000 mark. Before there is no obvious sign of acceleration in the bullish force, we recommend continuing to hold positions. In particular, tonight's CPI data, we expect it to have a positive impact on the market, thereby driving prices further up. Of course, we will also be prepared for possible adverse situations.
Long investors should remain patient. Lao Liu has held positions for several days. Market dynamics will continue to be closely tracked by us. Please stay tuned. We will update market analysis and strategy recommendations in a timely manner. #美国大选如何影响加密产业? #CPI数据 $BTC $ETH