BTC and ETH Market Analysis:
Recently, the dynamics of the U.S. election have been gripping, but in my view, regardless of the election outcome, there will be certain positive impacts on the crypto space, though the market response may manifest as either a direct rise or a different path of first pulling back and then rising.
From a technical perspective, in the four-hour trend of Bitcoin (BTC), both the KDJ and MACD indicators show a stable trend, suggesting it may enter a sideways consolidation phase. However, when the timeframe is shortened to the one-hour trend, the KDJ indicator has formed a golden cross and is moving upwards, while the MACD indicator has just shown a golden cross signal, indicating that Bitcoin may welcome a surge in price.
However, it is important to note that for Bitcoin to achieve a significant rise in the four-hour trend, the continuous strength of the one-hour trend and the accompanying volume are crucial. This means if investors are looking forward to a larger increase, they need to closely monitor short-term trends and changes in trading volume.
Given the current uncertainty in the market, investors might as well adopt a wait-and-see attitude and make decisions after the U.S. election results are settled.
The trend of Ethereum (ETH) is similar to Bitcoin's, also in a stable phase of technical indicators, but with signs of a potential rise in the short term. When participating in the spot market, investors should consider technical indicators and market dynamics comprehensively and make cautious decisions.
As the saying goes, bulls have their strategies, and bears have their play styles.
If you want to make profits, look for Hong Jie; she won't lead her fans to liquidation, nor will she open positions blindly.
It's all about striving for victory steadily and solidly. For those who want to make profits, hurry and get on board!
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