Good morning☀️ Hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
💎 💎 Another new week, another fresh start. Never forget your initial enthusiasm. If it is waning, it means you are about to be eliminated. Don't forget your original intention, you will always be at the starting point! The presidential election will inevitably intensify the drastic fluctuation of the cryptocurrency market. Regardless of who becomes president, they will have to face the decline of the US economy, banking crises, trade deficits, and the US debt crisis, which will affect market sentiment during the announcement of the results on November 5th, with short-term impact on the price of BTC. However, the long-term impact is not significant. The underlying logic for the pump of BTC is not the policies of the Federal Reserve and who the US president is, but rather a global Crisis of Confidence in the US dollar! In addition to the Interest Rate decision of the Federal Reserve on Friday, all of these are news that can directly stimulate significant fluctuations in coin prices! It is expected that there will be significant fluctuations in the market this week. 💎 💎 Over the weekend, the price of BTC presented a continuous fluctuation and decline. Last night, the price experienced a Long Wick Candle probing to the 67500 area before quickly rebounding, showing a consecutive positive rebound. Currently, the price has achieved significant recovery results. In the short term, the downward opening of the operating channel has released space, the price has found support after probing lower, signs of recovery have appeared, the volume of short positions has decreased, the moving average has turned upward after a downward consistency, and the current warming up has begun. On the four-hour chart, the price did not rise immediately after the probe, instead it went lower, now probing the lower support, the operating channel is narrowing again, and the switching of long and short positions is frequent. The volatility has once again narrowed, and the short-term cycle remains unchanged. In the short term, the oscillation and decline have been recovered, and the downward movement has not continued. The key support for BTC is concentrated below at 67000-66500, with the extreme position at 65500. On Monday, the short term needs to follow the support from yesterday's retracement at the 67500 level! After this round of downward adjustment, there will be an opportunity to buy in again, and our strategy will focus on being more bullish in the near future. 💎 💎 ETHdaily candlestick had a pullback yesterday, with three tests breaking below 2400. After hitting a low of Long Wick Candle at around 2409, it rebounded but faced resistance at 2475 and fell back. It is currently running around 2450. The key focus now is whether it can stabilize and form a rebound at the 2400 level. A rebound is not a reversal, so pay attention to the conversion of long and short positions, especially with regard to upcoming news and controlling positions and swing trading. It is worth noting that although the support level of Ethereum is gradually moving down, there are Whales increasing their holdings of Ethereum. A Whale holding over 65,000 Ethereum has increased their holdings by $10 million in the past two days! Therefore, as long as the support level of Ethereum is held, there is a high probability that it will have a strong upward space for a rebound in the near future!
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Good morning☀️ Hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
💎
💎
Another new week, another fresh start. Never forget your initial enthusiasm. If it is waning, it means you are about to be eliminated. Don't forget your original intention, you will always be at the starting point! The presidential election will inevitably intensify the drastic fluctuation of the cryptocurrency market. Regardless of who becomes president, they will have to face the decline of the US economy, banking crises, trade deficits, and the US debt crisis, which will affect market sentiment during the announcement of the results on November 5th, with short-term impact on the price of BTC. However, the long-term impact is not significant. The underlying logic for the pump of BTC is not the policies of the Federal Reserve and who the US president is, but rather a global Crisis of Confidence in the US dollar! In addition to the Interest Rate decision of the Federal Reserve on Friday, all of these are news that can directly stimulate significant fluctuations in coin prices! It is expected that there will be significant fluctuations in the market this week.
💎
💎
Over the weekend, the price of BTC presented a continuous fluctuation and decline. Last night, the price experienced a Long Wick Candle probing to the 67500 area before quickly rebounding, showing a consecutive positive rebound. Currently, the price has achieved significant recovery results. In the short term, the downward opening of the operating channel has released space, the price has found support after probing lower, signs of recovery have appeared, the volume of short positions has decreased, the moving average has turned upward after a downward consistency, and the current warming up has begun. On the four-hour chart, the price did not rise immediately after the probe, instead it went lower, now probing the lower support, the operating channel is narrowing again, and the switching of long and short positions is frequent. The volatility has once again narrowed, and the short-term cycle remains unchanged. In the short term, the oscillation and decline have been recovered, and the downward movement has not continued. The key support for BTC is concentrated below at 67000-66500, with the extreme position at 65500. On Monday, the short term needs to follow the support from yesterday's retracement at the 67500 level! After this round of downward adjustment, there will be an opportunity to buy in again, and our strategy will focus on being more bullish in the near future.
💎
💎
ETHdaily candlestick had a pullback yesterday, with three tests breaking below 2400. After hitting a low of Long Wick Candle at around 2409, it rebounded but faced resistance at 2475 and fell back. It is currently running around 2450. The key focus now is whether it can stabilize and form a rebound at the 2400 level. A rebound is not a reversal, so pay attention to the conversion of long and short positions, especially with regard to upcoming news and controlling positions and swing trading. It is worth noting that although the support level of Ethereum is gradually moving down, there are Whales increasing their holdings of Ethereum. A Whale holding over 65,000 Ethereum has increased their holdings by $10 million in the past two days! Therefore, as long as the support level of Ethereum is held, there is a high probability that it will have a strong upward space for a rebound in the near future!