The idea at noon was confirmed. The market in the past two days was indeed a little slow. It might be the calm before the storm. Be prepared for the market after the election today. The market is still so good. Each wave is just right. If you can't grasp the rhythm like me, just follow my strategy to do low and look at one direction. I believe you can also make a good profit.

November 5th Midday Thoughts:

Yesterday, Bitcoin rebounded to around 69,400 in the morning, and then the market fluctuated and slowly retraced. In the evening, when it was around 69,200, the bears exerted pressure again, dropping to around 67,000 to 66,800 in the early morning. This morning, it rebounded, reaching a high of around 68,100.

The daily K-line shows a clear head and shoulders pattern, currently standing above the EMA30 support (67,200). Yesterday, the daily K-line had a high of 69,500 and a low of 66,835, momentarily breaking the EMA30. Although it is currently holding at the support point, it should be noted that prolonged support will eventually fail. The MACD is shrinking downwards, and DIF and DEA are expanding downwards from a high position. The Bollinger Bands are contracting, and the K-line has broken below the middle track (68,650), turning current support into resistance, with the lower track support reference at 65,400. Today is the U.S. election, so be prepared for response. Our short-term strategy still adheres to a conservative principle, focusing on short positions during rebounds while closely monitoring breakout signals and flexibly following with light positions.

Long positions for Bitcoin at 67,700-67,500, targeting around 69,000.
Long positions for Ether at 2,400-2,380, targeting around 2,500.

#美国大选后涨或跌？ #美联储利率决议来袭 #以太坊白皮书11周年 #11月市场预测 #美国选情僵持 $BTC $ETH