Date: November 10, 2024
The upward trend continues to await final confirmation; pay attention to the short-term pullback risks in the market.
Daily Level: Yesterday's daily closing price also closed below the previous day's upper shadow, still waiting for the last closing price to create a new high to confirm the '1+3' model for the upward breakout.
4-Hour Level: From the corresponding 4-hour chart, the trading volume is still in a state of reduction, lacking sufficient volume to support the price in continuing a strong upward breakout. The price is likely to pull back after rebounding to the lower edge of the ascending wedge. The upper resistance is at the Fibonacci 1.618 level (around 77800), so chasing long positions here has a low risk-reward ratio and is relatively risky.
Simplified Version
Currency: BTC
Date: November 10, 2024
Technical Analysis: Indicator: '1+3' model + Fibonacci Conclusion: The upward trend continues to await final confirmation; pay attention to the short-term pullback risks Resistance level: around 77800 Support level: around 72600
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