11/05 Bitcoin market today: Bitcoin is now in the c wave correction, it is recommended that you wait and see for the time being. There are two possibilities for the current c wave: the first is to go normal c wave: the target is in the 57,000-58,000 range. The second is to form a short c wave: it may end in the 65,000-64,000 range. If it reaches the 65,000-64,000 range, we can try to go long. No matter how the c wave goes, there will be a rebound here. After going long, you can use a moving stop loss to protect profits. If you go short c, you have the opportunity to hold positions directly upward.

The overall trend is still bullish, and spot holders don’t have to worry. No matter how the correction is, the final direction is up. Today we mainly wait and see the daytime trend, and then look at the structural changes in the evening, especially paying attention to the short-term impact that the results of the US 🇺🇸 election may bring.

In summary, it is expected that there will be a long order below 65 with the possibility of short C ending; if the market breaks through 70,000 again, short C may end early.