11.7 Thursday Morning Bitcoin Trading Strategy

All we do is stick to our original intentions, focus on what needs to be done now, believe in ourselves, keep it simple, work harder, stay positive, and be more open-minded, and we will have more surprises.

Though the road is long, we will reach our destination by walking it. Though the task is difficult, it will surely be accomplished by doing it.

Yesterday, after Trump successfully campaigned for president, the price surged directly from around 68,700 points to around 75,400 points, an increase of nearly 6,700 points. It then started to pull back slightly before this morning's rise, which directly broke through the resistance level of 76,000, reaching a high of around 76,400 points.

From the 4-hour K-line of Bitcoin, the price is currently in a state of rising and falling, with two consecutive bearish bars indicating that the price is moving downward. The KDJ three-line indicator shows a trend of slightly pulling back before continuing to rise, which is gradually raising the bottom. From the 1-hour K-line of Bitcoin, the price has moved from the upper Bollinger Band to above the middle band, but the support at the middle band is still relatively strong, and it has not been able to break downward yet! The positive news from yesterday has not been fully digested! The morning strategy is still primarily focused on buying on pullbacks, with short positions as a supplement.

11.7 Morning Bitcoin Trading Suggestions

Buy Bitcoin directly between 75,000 and 75,400, aiming for 77,000. $BTC $ETH $SOL #BTC创历史新高 #美国大选后涨或跌？ #ETHBTC汇率新低 #11月市场预测 #美联储利率决议来袭