Daily Early Review ——11.7

1. Review of Previous Situation

Needless to say, a significant market movement has arrived. The medium-term trend remains positive, and we need to maintain patience, as every pullback in Bitcoin is accumulating strength.

2. Market Outlook

(1) Daily Level

The daily chart has seen a strong bullish breakout influenced by news, and more importantly, this breakout is accompanied by increased volume.

Such a level of volume has only been seen in October last year and January this year, indicating that the trend remains ongoing.

However, after this, Bitcoin is unlikely to experience a significant surge in the short term but will likely remain in a controlled state or experience a slight pullback, creating development opportunities for altcoins.

(2) 4h Level

The 4-hour level has also seen a strong volume breakout, and currently, the bearish strength is not strong.

(3) 1h Level

The 1-hour indicators have shown divergence, and the market needs to undergo adjustments and repairs in the short term. #SUI创新高 #山寨季将至？ #DOGE看涨情绪飙升