11.6 BTC, ETH evening analysis: Trump takes office, the market soars
Last night's post was bullish, perfectly in line with the expected trend. Friends who follow my posts can get meat directly, which is very accurate. I mentioned at the weekend that if Trump wins the election, it will directly affect the trend of the crypto market, which is completely a big positive. During the morning vote counting time, Trump's leading advantage expanded indirectly led to a surge in Bitcoin, breaking through the historical high to around 75650. The market has digested it in advance. The US market will take the next step after the market calms down
From the 4-hour chart of BTC: On the 20th of last month, it was suggested that Bitcoin was moving upward in the wedge triangle range, breaking through the wedge high of 71600, and a new upward trend will be formed. The overall direction is very accurate. It also stabilized after closing the big positive line in 4 hours. It is currently in the stage of market adjustment. It is very obvious with Fibonacci. The waistline of the lowest point below, 71233, just crosses the top of the wedge to form a new resistance line. As long as it touches this position, it will be decisive to go long directly. Going long will look at the upper resistance near 75000. Breaking through the pin will see a new high of 76800. As for other indicators, all are strongly bullish. The general bullish trend is established. It is better to buy low and go long on the callback! (In addition, pay attention to the continuous top divergence at the daily level. Once the falling positive line breaks through the resistance level and goes down, the long position will be below 70,000, and the defensive position will follow the adjustment)
BTC evening strategy: 71200-71700 to go long, the target is around 75000!
ETH evening strategy: 2500-2515 to go long, the target is around 2605!
