November 7th Thoughts:
Humans are rational, because no matter what they do, they can always find a reason.
From the current market perspective, Bitcoin is showing an upward wave pattern, with prices continuously making higher lows and higher highs, reflecting the strong bullish sentiment in the market. After yesterday's extreme upward stretch on the 4-hour chart, the market has entered a consolidation phase. Although the momentum for further upward movement is limited, the trend remains relatively strong. Everyone understands the principle that a bull market doesn't call a top. For today's trading, we will continue to maintain a strategy of buying on dips.
Trading Suggestions:
Bitcoin: Buy at 74500~75000, target 76000-77000, with a stop loss at 74300.
Altcoin: Buy at 2750-2800, target 2900-3000, with a stop loss at 2730.
(The market is constantly changing, for reference only!)
