11.5 Zhang Lihui: What is the intention behind the pullback before the election that causes panic? Is it a real correction or just a usual tactic? Today's latest Bitcoin (BTC) market analysis reference! #美国大选后涨或跌？

Last night, the market once again experienced a pullback, breaking below 67000. According to Lihui's layout, long positions below 67000 can continue to be held; in the 1-hour chart, we can see that the candlestick has just formed a rebound at the lower pin of the track, reaching the current EMA30-EMA60 range. Currently, the Bollinger Bands are opening upwards, and the bulls are expected to rise further. The MACD continues to expand above the 0 axis, and the low-level golden cross is also expanding, so the upper pressure can be considered at the EMA120, 160, 220, and 300 positions, which is the range of 69050-69200. If it breaks, it can continue to be held; otherwise, it can be taken for safety;

In the 4-hour chart, the opening price this morning rebounded as expected at the EMA160 support to the current middle track and EMA7 position. Currently, the upper track of the Bollinger Bands is rising, and the lower track is also rising. The EMA moving averages are still in bullish arrangement, as Lihui said, the short-term pullback is just normal, especially before the election, do not chase the bears; therefore, the current upper pressure also needs to consider the EMA30 and EMA60 and upper track range restriction, which coincides with the 1-hour upper pressure. In the MACD, the volume below the 0 axis is shrinking again, approaching the 0 axis position. After the DIF and DEA failed to converge yesterday, they are attempting to converge again today. Pay attention to whether a golden cross can successfully form. Once formed, then 69200 will not form pressure; if it pulls back to 68000 to the middle track support, then a little long can be intervened;

On the daily level, the Bollinger Bands channel is closing, and the lower track continues to rise, approaching EMA30. Therefore, Lihui believes the space below is not as frightening as everyone says, and a little pullback causes unnecessary panic; it can be seen that the candlestick yesterday also just dipped below EMA30 and then rebounded. Currently, there is only short-term moving average pressure, and the middle track is still in an upward posture;

In summary, Lihui believes that the pullback before the election is normal, just a usual tactic; the bulls still exist, continue to maintain the low long entry during the pullback, just set a good stop loss;

Beijing time, November 5th, 1:17 AM edited: It is recommended to go long below 68000 during the pullback, reserving the range of 66500-66800 for adding positions, with a stop loss of 500 points; the target is set at 68500-67100-69700, breaking above the range of 69800-70000 can be held; opportunities for short positions need to be combined with real-time market changes for layout, specific operations will be notified by Lihui in real-time!