Today's Bitcoin market was affected by the election, and the bull market showed a strong upward trend. We once again became a witness to history. The price of Bitcoin successfully reached a high of 75656. At the same time, Ethereum also rose synchronously, but slightly lower than we expected, reaching a high of 2637 points. This unilateral upward trend is very clear. The market rebounded slightly at noon. We followed the trend and decisively entered the long order. There was no suspense and pocketed 20,000 oil.

From the four-hour chart, the middle track of the Bollinger Bands became the key support line for this round of rise. At present, the market price is still running steadily above the middle track, showing a strong trend of unilateral bulls. In the K-line pattern, the big Yang line left an upper shadow line after rising, and then the real Yang column continued to extend. Although we emphasize not to easily guess the top in the trend, we still need to be vigilant about the possible local high-rise and fall in the short term. The settlement of high-level profit-taking orders may trigger a rapid retracement and wash of the market, and we should remain highly vigilant about this.

In the short-term trend, the market is expected to maintain a slow rise, continue to test and explore higher points. As the volatility base increases, the space for tug-of-war will also expand accordingly. In the slow rise and squeeze phase, market volatility is the most challenging for patience. The current dominant trend is to go long on the retracement, and we can also try to go short after the tentative high. In this process, it is crucial to accurately grasp the entry point.

Wednesday afternoon suggestion

Bitcoin 73500-74000 can be long, the target is 75500-76500.

Ethereum 2560-2580 can be long, the target is 2700-2750.#BTC创历史新高