Upward movement is blocked or sideways instead of falling, do you dare to buy more when Bitcoin retreats?

Good afternoon, Bitcoin fluctuated and repaired at a high level yesterday, and long orders did not give an opportunity to enter the market, which is a bit regrettable. The support level given to everyone at midnight was low and long, but it was also not possible to enter the market. The price fluctuated and repaired around 67,000 to 68,000. For those who short, this is a high-level block and lack of upward strength, and you need to increase your horsepower to continue to short; for those who are long, this is a sideways fall, high-level fluctuations accumulate momentum, waiting for subsequent takeoff! Anyway, before the market comes out, there are many reasons for more, and there are also reasons for shorting. No one can convince anyone, and only time can prove everything!

Bitcoin daily K has three big positive lines. Although one is smaller than the other, it is still a situation of three positives. The Bollinger Bands are wide open, and the price is running up along the upper track. MACD has not yet seen a shrinking of the long energy column. Although KDJ has turned around, it is still far from forming a dead cross with three lines sticking together. Although there are 4 big negative lines at the short-term 4-hour level, the negative lines are getting shorter and shorter, and the shadows are getting longer and longer. The previous K-line has closed with a negative cross star, which shows that the market does have a need for a retracement, and it is also in a retracement.

Retracement is a good thing, otherwise how can long orders get on the bus? You won’t chase long orders near 68,000, that would be really lonely at the top! Don’t treat the retracement as a reversal, it’s just a reverse car to pick up people. Focus on the support of 67,000 during the day. If the 4-hour level holds here, it will sprint to 69,200 and 70,000 during the day. If it can’t hold, it will continue to test the support. The 66,500 and 66,000 below are both support levels. As long as this wave does not break 65,000, the bulls will still sprint to the 70,000 mark steadily.

Strategy: Retracement to 67000 and 66500, target 68400, 69200 and 70000, defense at 65500

Ethereum is suspected of making up for the rise today. As long as Bitcoin does not retrace too deeply, Ethereum will not collapse. The upper pressure is 2650 and 2680, followed by 2720. The lower support is 2590 and 2540. The main idea is low and long!

Strategy: Retracement to 2590 and 2540, target 2650, 2680 and 2720, defense 2520

The above is only a personal opinion. Investment is risky. Be cautious when entering the market! #美国大选如何影响加密产业？ #BTC要挑战7W大关了吗？ $BTC $ETH