11.1 Midday Strategy, the pullback space is still unclear, it is advisable to wait and see.
Currently, the price of Bitcoin is stable around 696500. In the morning session today, its price briefly dropped to the low of 688000, then quickly stopped falling and successfully rebounded by 800 points. Recently, during the daytime trading period, the Bitcoin price has generally maintained a sideways consolidation state.
From a technical perspective, the 4-hour chart shows that the current market has entered a stop-falling phase after being oversold, indicating potential demand for a rebound. However, it is important to note that the daily level has already shown signs of weakening. Therefore, at this position, we suggest adopting a wait-and-see attitude and closely monitoring the strength and continuity of the rebound.
In terms of upper resistance levels, key positions to watch are 703000, 706000, and 715000. From a personal viewpoint, the current pullback is not yet complete, and the market may not have adjusted to the optimal entry point, so it is not advisable to rush into long positions. We should patiently wait for clearer signals to emerge before making decisions.
Operation:
Bitcoin around 685-689, with a target looking at 695-700.
Ethereum around 247-249, with a target looking at 253-255. #美国大选后行情预测 #你问我答 #下一BTC历史新高是多少? #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH $SOL