11.06 Initial battle victorious, successfully bottom-fished. Today, I do not recommend making trades; both bulls and bears are acting foolishly.
Yesterday, I successfully called the bottom at the 66 position, and it was good to bottom-fish again. Today, I do not recommend making trades; technically, there could be a short at the high point, which will likely see a pullback, but the stop-loss space is too large, and the sentiment is too FOMO, so let's observe without acting.
Today, with the sentiment-driven rise, the overall market is starting to take off, which is quite good, but risks are approaching. At this position, the previous declines in Bitcoin have all recovered, and altcoins still have funds waiting. What remains? What remains is if the election does not go well or if there is a reversal, some funds may flee, and the market will turn bad, so there is no need to be overly happy; pay attention to the risks at this point.
BTC Daily - 4-hour Level Market Analysis
Bitcoin's market framework has surged high, continuously breaking new highs. In the short term, a certain support has formed at the bottom, and it may continue to trick shorts into buying, or Trump may lose. This position can go up or down, representing a true sense of both bulls and bears acting foolishly. Do not act; wait for stability before observing.
From a larger perspective, the four-hour level has reached the first top, but whether it will surge again later is uncertain. If the technical aspect aims to surge, there will be a need for a pullback, with 71200 and 72500 both being pullback points.
BTC Intraday Level Analysis
- After the bottom of Bitcoin appeared, the intraday market surged too high. With 75000 as the top, one can consider trying a short. The first support position at the bottom is around 72500. I do not recommend making trades today; wait for stability before making trades. Technically, this position is bearish, but from an event-driven perspective, it is advisable to wait.
The spot market has endured the hardest times; now is the season for reaping or re-cultivating. I hope everyone takes good care of themselves; do not let two years of hard work go to waste. #BTC创历史新高 #美国大选后涨或跌?