11.2 Zhang Lihui: The space for Bitcoin has been compressed again. Where are the entry opportunities today? Latest Bitcoin (BTC) market analysis reference! #你问我答 #美国大选后行情预测 #BTC☀ #BTC走勢分析 $BTC
You can check yesterday's Bitcoin article operation, first providing a short target below 69000, and then a long layout in the range of 68800-69300, with the upper target accurately seeing the third target of the article at 71500, capturing over 2200 points profit. The market is just as directed by Lihui, and this month is another wonderful beginning!
Looking at the Bitcoin market, after last night's rise above MA80, it once again formed a pullback below MA15. Currently, the Bollinger Bands are narrowing down, with the upper band severely turning down, and the upper high points are being lowered. MA30 and MA60 continue to move down, including MA80 also moving down, while MA120 continues to rise unchanged. In MACD, the volume continues to increase below the 0 axis, and the fast and slow lines are forming a death cross again, indicating that the short-term bearish trend is not over yet, while the medium to long-term bullish pattern remains unchanged;
The 4-hour Bollinger Bands continue to narrow, with the upper band having crossed below 72000, so the new highs everyone hopes for may need to be temporarily set aside. Currently, the K-line has support from the dual lines of MA60 and MA80. The lower band mentioned yesterday is forming a rise close to MA120, so the space below will not be too large. The upper side can focus on the upper band and the pressure point where MA30 and MA15 intersect; volume continues to shrink below the 0 axis, but the intensity is not very strong, and the fast and slow lines are also in a narrowing pattern, making it unclear. It is expected that the bearish trend will continue, and given that the market may move slowly over the weekend, those holding positions should be patient;
On the daily level, the Bollinger Bands are still narrowing. The current K-line has pulled back to the middle band and MA15 support range. This position can still be used as a light long entry point. The lower band and MA30 are actively rising; MA30 can be used as a backup replenishment point; the fast and slow lines continue to narrow, and the fast line is expected to pull back closer to the slow line;
Lihui believes that based on the above indicators, the short bearish trend is not over yet, and bullishness still exists, so it is advisable to mainly take light longs at lower positions; do not enter short positions if the highs are not broken. As for the specific operation of short positions, it should be based on real-time strategy notifications!
Beijing time, November 2nd, 4:40 AM edited: It is recommended to take light longs in the range of 68700-69100 with a stop loss at 67900; the targets are 69900-70700-71400, and if it breaks above 71500-71800, it can be held near 72500; for more operational information, please follow the homepage introduction!
