Review of the market. This week's market aligns with previous expectations; it was clearly stated in earlier reports that we would remain bullish before the election. The interim pullback was due to the high BTC price, fluctuations of several thousand dollars are considered normal. The election has essentially concluded, with Trump elected as the first president to support Bitcoin, who will subsequently focus on supporting the cryptocurrency market and developing the AI sector. Brothers, are you seeing many people starting to shout that the bull market is coming! You will notice that there are many people who are reactive after the fact. Today, due to the election, Bitcoin has broken through its historical high, with significant fluctuations. It is clear that November marks the beginning of the bull market, and policies will accelerate interest rate cuts. Now is the time to celebrate; hold on to your chips.
BTC has directly broken through its historical high to reach the 75,000 level today. In four hours, it jumped from the 69,000 position due to the election results, directly surging by 6,000 dollars. The four-hour chart has also effectively broken through key resistance points. Bitcoin will be a hot topic of discussion in the coming days. It is not recommended to short the market; be mindful of risk management. With the upper breakthrough of the historical high, there are no prediction points, and it is expected to continue rising in the short term. Watch the area around 78,000-80,000, with support levels at 72,500-73,000.
ETH is also moving within the predicted range. Yesterday, I mentioned that Ethereum has shown clear signs of bottoming out, and it will gradually rise. This morning, it also synchronized with Bitcoin for a surge, directly breaking the previous resistance point and reaching a high of 2,640. In the four-hour timeframe, pay close attention to whether it can stabilize in the 2,560-2,580 range during the day, and monitor the pressure levels in the 2,660-2,680 range.
