【2024-11-8 BTC Trend Analysis】

Good morning everyone!

Today, let's take a look at the Bitcoin market situation. Currently, Bitcoin is in a 4-hour pullback phase. If this 4-hour pullback does not break the first support level below: 71588.5, it will continue to rise and create a new high. If this 4-hour pullback falls below this first support level, it will enter a deeper pullback, with the next support level at: 64234.5. For those holding long positions, if you are in a loss, it is recommended to hold and wait as the probability of further decline is low; this is just a normal pullback.

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