Dear friends in the cryptocurrency industry, I am Wu Qibo from the cryptocurrency industry. I am a financial practitioner with many years of experience. I am a graduate student in the Department of Finance at Zhongnan University of Economics and Law. My research field is investment strategy analysis of foreign exchange finance. I have been studying the cryptocurrency industry for 4 years. I am also a teacher who specializes in Bitcoin and Ethereum market analysis.
I have been engaged in the financial industry for many years, during which I have accumulated rich experience and knowledge to cope with the changing market conditions. My main job is to conduct financial market analysis and investment to provide customers with the best financial services. As a financial practitioner, I am well aware of the complexity and variability of the financial industry, so I continue to learn and explore the changes in the cryptocurrency market to adapt to the needs of the market and customers, continuously improve my professional quality, and better serve customers.
In the financial field, I have always maintained good professional ethics and professional quality. I always put the interests of customers first and work strictly in accordance with laws, regulations and ethical standards. I focus on teamwork and can establish good relationships with colleagues and customers to achieve a win-win situation.
Overall, the price of the currency fell slightly after hitting a high of 76420 in the morning. In the afternoon, the price of the currency began to fluctuate around the 75000 mark. After Ethereum rose 200 points in the afternoon, it also fell 100 points in the afternoon. The target price is around 2800.
From the four-hour market, the trend of Bitcoin hit a new high and then ushered in a short-term retracement. The same is true for Ethereum. In the short term, due to the excessive positive news of Trump's election, it is impossible to retrace too deeply. Therefore, we can still participate in low-long in the evening.
Operational suggestions Bitcoin can be long near 74500, target 76000 Ether can be long near 2800, target 2870
Today's market has experienced two rounds of upward movement after midnight and in the morning, followed by a slow downward trend in the price of Bitcoin. Currently, the price is running around 74500. As for Ethereum, it has also surged today. The price movement of Ethereum was relatively slow in the past few days, but today it has strongly risen by 200 points. The long position we suggested during the morning pullback has perfectly profited. It is basically in line with our expected price level. The price has now encountered a pullback, which is a good opportunity for us to go long.
On the daily chart, yesterday closed with a solid bullish candle. In the context of a rising market, a solid bullish candle is a signal for continued upward movement and also demonstrates strength during the bullish rally. The rhythm of the pullback operates within the recent price movements and the cycles of time and patterns. The price surged in the morning and then pulled back around noon. From the recent pullback strength, it is basically around 1000 points of space. The repeated highs and lows indicate that today's price also has a need for correction. We will continue to treat pullbacks as opportunities to go long today.
Trading Suggestions Go long near Bitcoin 74300, target 76000 Go long near Ethereum 2770, target 2850
The price comparison also reached the lowest point around 74100 in the early hours of today. After touching the low, it quickly rebounded, gaining a space of 2000 points. At five o'clock in the morning, the price comparison also broke through the 76000 mark and reached the upper level. Subsequently, the price comparison experienced a slight pullback. The bullish strategy we proposed at midnight yesterday successfully reached our take-profit position. In the morning, we again positioned for a short, earning another 500 points in Bitcoin and 30 points in Ethereum. This demonstrates precise control over the market. Steady and methodical progress.
From a technical perspective, looking at the four-hour chart, Bitcoin's price is currently in a state of rising and falling. The consecutive two bearish candles indicate that the coin price is running downwards. The KDJ three lines show a trend of slightly pulling back and then continuing to rise, causing the bottom to gradually rise. From the one-hour chart, Bitcoin's price has moved from the upper Bollinger Band to above the middle band, but the support at the middle band is still quite strong, and it has not yet been able to break down! The positive news from yesterday has not yet been fully digested! On Thursday, our main direction will be bullish during the day.
Operation Suggestions Long Bitcoin at 74700-75000, target 76200 Long Ethereum around 2820, target 2880
The bullish outlook provided last night. His Majesty Wanjian strongly pushed up to the high level of 76400. And now a pullback has occurred. Currently, the price is running near 75700.
From a technical structure perspective, on the four-hour level, after the opening of the running channel, the price failed to maintain above the upper track for continuation, forming a震荡修整 that caused a significant pullback, with volume arranged in a contraction state failing to support release. The moving averages are also showing a reversal due to adhesion, with a clear high-pressure emergence in the small cycle. Under strong upward momentum, a certain amount of consolidation and bottom formation is needed, and the lower space awaits further probing. On the one-hour level, the price's high-level fluctuations are difficult to stabilize, directly leaking from the high level towards the lower track, and the bearish volume is showing a solid arrangement release, leading to a consistent turning of the moving averages. After a downward spike, there is a certain recovery effect, but it is a normal repair after a pullback. The demand for short-term adjustment and retracement is showing strong performance, and our upcoming strategy focuses on conducting high shorts.
Operation Suggestions Short Bitcoin near 76000 Target 74500 Short Ethereum near 2730 Target 2660
Today's midday cryptocurrency price surged to a high level of 75,000. It has also broken through the historical high. The highest point reached was 75,656. From last night to today, we have consistently suggested a strategy of buying on dips, which has been validated as expected. From the current situation, there seems to be no pressure above. The cryptocurrency price has also shown a slight pullback followed by another surge. Currently, the price is operating at the 74,000 mark.
Based on the current market analysis, a significant pullback is unlikely to occur; the price is exhibiting a sideways consolidation at high levels. After wide fluctuations, it is gradually climbing, demonstrating significant strong correction characteristics.
Therefore, we believe that the slight pullback is merely a temporary phenomenon, and the strategy of buying on dips after the pullback should remain our primary choice. With the strong recovery and continuous outbreak of bullish forces, the current market enthusiasm cannot be fully described by the word "hot"; we have already witnessed the immense power brought about by the unfolding main trend. Therefore, it is imperative to continue to align with the trend. We remain optimistic about the bulls.
Today's Bitcoin market is influenced by the election, and the bullish market shows a strong upward trend. We are once again witnesses to history, as the Bitcoin price successfully reached a high of 75656. Meanwhile, Ethereum also rose simultaneously, but slightly below our expectations, with a maximum of 2637. This one-sided upward trend has become very clear. The market rebounded slightly during the afternoon, and we followed the trend, decisively entering long positions.
From the four-hour chart, the middle band of the Bollinger Bands has become the key support line for this round of increase. Currently, the market price remains stable above the middle band, showing a strong bullish trend. In terms of candlestick patterns, a large bullish candle left an upper shadow after the rise, followed by continuous extension of the bullish body. Although we emphasize not to easily guess the top in a trend, we must remain vigilant about the possible short-term local spikes and pullbacks. The profit-taking at high levels may trigger a rapid market pullback and shakeout, and we should maintain a high level of alertness regarding this. In the short-term trend, the market is expected to maintain a slow upward trend, continuing to test and explore higher levels. As the volatility base increases, the space for tug-of-war will also expand accordingly. During the slow rising and squeezing phase, market fluctuations test patience the most. Pullbacks for long positions are the current dominant trend, and we can also attempt short positions after testing higher levels. In this process, accurately grasping the entry points is crucial.
Wednesday Afternoon Suggestions Bitcoin 74000-74500 can go long Target 76000 Ethereum 2580 can go long Target 2660
Since yesterday, we have been emphasizing the entry to go long. Last night, there were two waves that broke through the 70,000 mark. This is enough to prove the strength of the bulls, although this morning the price has once again retreated to around 69,500. But it's not a big issue, so the indicators are showing that the bulls are very strong. The bullish strategy provided in the morning was also perfectly executed. The daily strategy is publicly shared in advance across the network. In the afternoon, the price once again experienced a strong rise, just one step away from the 73,000 mark. Currently, the price of Bitcoin is around 72,800. Ethereum is also following Bitcoin's strong upward trend, running around 2,550. Throughout the day, we still maintain a bullish outlook; any pullback is an opportunity to go long! #美国大选后涨或跌? #美国大选后叙事观察 #ETHBTC汇率新低 #美联储利率决议来袭 #美国选情僵持
After yesterday's wave of stretching, Bitcoin has successfully broken through the 70,000 mark, and also successfully captured two cities yesterday. Currently, Bitcoin has firmly stood at the 69,000 level, while the price has consistently remained above the middle track of the hourly chart, forming a very beautiful upward trend. Overall, today still leans towards bullish!
Due to the current price being relatively close to the lower support level, it is advisable to enter a portion of long positions at market price, and patiently wait for the price to further pull back to below the 69,000 mark before making additional purchases. Additionally: this afternoon, it is crucial to pay attention to the results of the U.S. presidential election. The market's trend reflects what the vast majority of people expect! As it stands, Trump has a greater chance of winning, and if this happens, it will provide a good boost to cryptocurrency prices.
Today's coin price also has a space of 3500 points upward. Affected by the US elections. The coin price strongly broke through the 70,000 mark in the evening, reaching a peak of 73,000. Overall, the trend for the day still shows a bullish overall trend, with no obvious bearish force seen. After reaching the high point in the evening, there has been a slight pullback, with the lowest pullback to around 69,200. We started suggesting everyone to enter and go long this morning, aiming for the 70,000 mark. As of now, it has perfectly reached our expected position. The long positions we set up today have successfully captured a space of 2,500 points for Bitcoin, and 130 points for Ethereum.
In the current market rhythm, on the four-hour level, the coin price strongly broke through the middle track and entered a consolidation adjustment, currently showing a slight horizontal decline. Although there is a pullback in the short term, the support at the middle track is solid. The indicators show that bullish energy is increasing, and the moving averages are rising. The bullish outlook remains unchanged at midnight, with a strong market, and the pullback is just a signal to enter long.
Midnight Suggestions Bitcoin around 69,000 can go long Target 71,000 Ethereum around 2,430 can go long Target 2,500
In the afternoon, we also provided a bullish outlook. In the afternoon, the price fell to a low of 68588, and we timely positioned ourselves for a bullish trend, which we are currently holding. The evening price also experienced a slight decline, but it is not a significant issue; our overall outlook remains bullish.
In observing the four-hour chart, the signs of the bearish forces' decline are becoming increasingly apparent, while the bullish forces are gradually gaining the upper hand. The price has firmly established itself above the solid support area at 67200, especially near the key support level of 67000, showing strong support strength. In the 4-hour structural chart, the candlestick has been continuously moving downwards, breaking through 67000 and quickly recovering, closing with a long lower shadow. In the evening, we will also consider buying on the pullback.
The bullish outlook given this morning has been running as expected. The price of Bitcoin touched the low line of 66810 this morning and subsequently rebounded. Throughout the day, the price has shown an upward warming trend. The price of Bitcoin is expected to reach the high line of 68785. Ethereum, on the other hand, quickly rebounded after a minimum pullback to the low line of 2356 this morning. It is also showing an upward trend similar to Bitcoin. Currently, the price of Bitcoin is running around 68700, while Ethereum is around 2430.
On the four-hour level, the price has tested up and down before consolidating, with the running channel narrowing. After a phase of consolidation, a rebound has been achieved, with bullish volume showing an increasing arrangement and moving averages rising consistently. A substantial increase has been realized in the short cycle, indicating stronger signs of warming ahead. On the daily level, the running channel is in a narrowing state, but the price's pullback strength is weak and ineffective, with bullish volume continuing to release. Although there is a phase of substantial volume consolidation, there are no signs of volume reduction. The moving averages' meandering consolidation drives the short cycle's oscillation, but there is no room for downward adjustment. The pullback is merely to gather strength for further recovery. Throughout the day, our main strategy remains to buy on the pullback.
Afternoon Suggestions Buy Bitcoin at 68200-68400, target 70000 Buy Ethereum around 2400, target 2480
Yesterday evening, the price comparison showed a strong decline. The lowest was also around the initial 66800. Ethereum fell to a low of 2356. The long positions we set up yesterday evening unfortunately resulted in a small loss, and we reversed to short, capturing a gain of 1100 points on the short position. It was also mentioned yesterday that if it breaks below 68200, we would reverse to short.
From the 1-hour K-line of Bitcoin, after hitting the bottom, it started to rebound, and it has now reached around 67800. It is running below the lower band of the Bollinger Bands to the middle band, with an upward trend. Today's U.S. election is expected to bring some favorable news. The intra-day strategy remains primarily focused on buying low.
Intra-day suggestions Buy Bitcoin at 67500-67700, target 69000 Buy Ethereum around 2400, target 2460
In the season when the US election results are about to be announced, the Bitcoin market may see a dramatic surge. Long-term friends can directly jump in without waiting. The results may be announced that evening. Remember when Trump was elected last time, the market dropped from the limit up to the limit down, and many people were liquidated in one day, so holding is important, and remember the market sentiment. In the early morning, the price of coins also fell back to a low of 66810, but the price has begun to warm up.
In the four-hour chart analysis, the bearish forces show signs of retreat, while the bullish forces are gradually strengthening. The price has reached a solid support area at 67200 points, especially near the key support level of 67000 points. However, the decline also has a trend, and in the morning we still treat it as a low-buy.
After the price dropped to the low of 67446 last night, it quickly rebounded and pulled up. Although the road was bumpy, the intraday high returned to around 69500, and the intraday price trend still showed a pattern of rushing up and then turning back. In the evening, there was also a wave of upward rush back to the high of 69200, and it also quickly fell back. Ethereum's intraday trend is roughly synchronized with Bitcoin. After the pin-shaped drop to the 2410 position in the early morning, it quickly rebounded and pulled up. The intraday price rebounded to the high of 6491. The multi-eggs of 68200-68500 that we arranged during the day were also perfectly won, and we also took advantage of the decline of the short position. As long as you grasp it well, eating meat is not a problem
From today's consolidation state, the bulls' volume is still relatively objective, and it can also be clearly seen that the low position is constantly moving up. The current long-short battle point is at the 69,000 mark. If there is an effective breakthrough and it stands firmly above the 69,000 mark, then the overall market will still test the high position. On the contrary, if it falls back to below 68,200 again at night, then it will be short. But from the four-hour line, the bears have shown signs of shrinking volume, so this possibility is still very small. At midnight, we can still participate around low and long. If you don't understand, you can also consult Lao Wu
Midnight suggestions Big cake can be more near 68,300, the target is 70,000 Ether can be more near 2440, the target is 2520
The general trend of the day is still running around a rush and a turn, and the price ratio is bullish and bearish. Tomorrow is the presidential election day. No matter who is in power in the end, it will directly affect the trend of the price ratio. Conservative friends can wait until the election is over before doing rough trading. We have always emphasized that the retracement is more, and we have already won two waves. If it is still retracement in the evening, it is more, and it is still treated as low and long.
The overall trend of the big cake today is still in an adjustment stage. At present, it is also a cross star trend. There is not much continuity between the bulls and bears, and it has been hovering near the moving average. However, the hourly level has also gone out of the bottoming rebound structure, and the moving average has begun to turn upward and diverge, so our idea in the evening is still to retrace and long.
Evening suggestion Buy Bitcoin at 68500-68700, target 70000 Buy Ethereum around 2460, target 2530
In the early morning, the big pancake retreated to a low point of 67446, and during the day, the price showed a surge followed by a pullback. It is also evident that the low point is constantly moving up, and the pancake price is currently running at the 69000 level. Ethereum is following the same trend as the pancake, with a minimum drop to the 2410 level in the early morning, now welcoming a rebound and running near 2470. Our bullish strategy given this morning has also been perfectly validated. The multiple eggs have also been successfully captured.
After the four-hour K-line broke the EMA trend indicator, it continuously stood on the EMAI20 trend line support at 68150, then pulled back to the closing pressure level of 69500. The market is in a stage of bottom divergence, and the small-level bottom divergence indicator shows that the Bollinger Bands are opening upward, indicating that a trend is about to form. The DIF and DEA golden cross has formed, and during the day we focus on the strength of the pullback to enter more positions. The rough direction is still mainly bullish.
Operating Suggestions Long on the pancake at 68500-68700, target 70000 Long on Ethereum near 2450, target 2530
Last night, after the price of the currency dropped to a low of 67446, the bulls fought back. The bulls made a slight effort to rise, reaching a high of 69348. Currently, the price has dropped again. Ethereum followed the same trend as Bitcoin, experiencing a sharp drop in the early morning, hitting a low of 2410. After reaching the low, it quickly rebounded, warming up to a high of 2475.
From a short-term perspective, the downward opening of the operating channel releases space, the price drop has stopped, and signs of recovery have appeared. The bearish volume is decreasing, and after the moving averages consistently released downwards, they have turned upwards, indicating that the warming has already started. On the four-hour level, the price did not rise and subsequently fell. Currently, it is testing the low support, and the operating channel is narrowing again. The conversion of long and short positions is frequent, and the fluctuations have once again been reduced. The short cycle remains unchanged, with a short-term downward fluctuation recovering, and the downward movement is not continuing. In the upcoming strategy, we focus on buying low.
Operation suggestions For Bitcoin, buy at 68200-68500, target 70000. For Ethereum, buy near 2430, target 2530.
After Bitcoin surged to around 73600, it experienced a pullback, finding support around 68000 and gradually rebounding. It is expected to attempt to challenge the previous high again this week, but attention should be paid to the results of the U.S. election. If Trump loses, then 73600 is likely to be the recent high point, and hopes for a new high this year may be slim. Everyone should operate in accordance with the trend at that time. Ethereum's performance is slightly weaker compared to Bitcoin; in March, when Bitcoin was challenging 73000, Ethereum had already broken through the 4000 mark, while this time, when Bitcoin is around 73000, Ethereum is only around 2700. Therefore, Ethereum may have a catch-up rally later, with the potential to return above 3000.
As for next week's trend, after the non-farm payrolls, a large decline occurred, and the bullish rebound was thwarted. Based on the impact of this week's data, the price trend, and the upcoming election next week, it is expected that there will be continued adjustments at the beginning of next week, with a focus on the continuation of the adjustment. The upper resistance is around 69800, and the lower support is around 66500.
This week is also coming to an end, let's review it. This week, it surged strongly from the low position of 68000 to the high position of 73660, just a step away from the historical peak. During the rise, there was no obvious pullback, and after the bulls strongly reached the high, the price began to fluctuate and consolidate. After experiencing two days of fluctuations, the price welcomed a pullback again. Overall, this week's market is mainly characterized by a rise followed by a pullback and fluctuating operation. Currently, the price is running around 68400, and our layout this week has also perfectly concluded. This week, Bitcoin has gained a total of 8793 points, while Ethereum has successfully gained 439 points.
After two hours of morning Asian trading, the market suddenly fell without any significant news. I just reviewed and found that the only slight change occurred in the peripheral situation, which is the public's concern about the tax rate issue following the election. The new president and Congress are facing many tax reduction measures set to expire in 2025. If a new agreement cannot be reached by then, nearly two-thirds of taxpayers will face tax increases. If investors are convinced that tax rates will rise, one action they might take is to sell stocks now to lock in capital gains at the current highest tax rate of 20%. Therefore, we will continue to pay attention to the price trend and the news from various aspects. According to the current trend, we look at the 4-hour level chart, with key support at 69500, the bull-bear dividing line. If the subsequent closing cannot stabilize above 69500, we will still focus on the bearish side.