💎 💎 It's a new week, and it's a fresh start. Never forget the enthusiasm you had at the beginning. If it's fading, it means you're about to be out, don't forget your original intention, and always stick to it! The presidential election will inevitably intensify the dramatic 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. The process of announcing the results on November 5th will affect market sentiment and have a short-term impact on the price of BTC, but not a significant long-term impact. The underlying logic of BTC's pump is not the policy of the Federal Reserve and who the US president is, but the global Crisis of Confidence in the US dollar! In addition, the Federal Reserve's Interest Rate decision on Friday, without exception, will directly stimulate significant price fluctuations in the market! It is expected that there will be significant fluctuations in the market this week. 💎 💎 Over the weekend, the price of Bitcoin showed a trend of continuous fluctuation and decline. Last night, the price experienced a Long Wick Candle probing down to the 67500 area and quickly rebounded after touching the bottom, showing a continuous upward trend. Currently, the price has achieved significant recovery. In the short term, the downward opening of the operating channel has released space, the price has stopped falling after probing lower, signs of recovery have appeared, the volume of short positions has decreased, the moving average has turned upward after consistent downward release, and the current warming trend has begun. On the four-hour level, the price did not rise after probing, and immediately fell, currently probing the lower support level, the operating channel has narrowed again, and the volume of long and short positions has changed frequently, the fluctuation has once again narrowed, the short-term cycle remains unchanged, the recovery after the oscillation and decline in the short term, and the downward trend cannot be sustained. The key support for BTC is concentrated below 67000-66500, with the extreme position at 65500. On Monday, in the short term, the support that needs to be followed is the position of 67500, which was tested yesterday! This downward adjustment will be an opportunity to get on board again, and our strategy in the future will focus mainly on buying at a low point. 💎 💎 The ETH daily candlestick had a pullback yesterday, and all three tests broke the 2400 level. After a Long Wick Candle dropped to around 2409 overnight, it rebounded to the 2475 level but fell back under pressure. It is currently trading around 2450. The key focus now is whether the 2400 level can truly stabilize and form a rebound. It's important to note that a rebound is not a reversal, and attention should be paid to the transition between long and short positions, especially with upcoming news. It is important to pay attention to position control and swing trading. It is worth noting that although the support level of Ethereum is gradually shifting downwards, there are Whales accumulating Ethereum. A Whale holding over 65,000 ETH has increased their holdings by $10 million in the past two days! Therefore, holding the support level, Ethereum is likely to have a strong upward correction in the near future!
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Good morning ☀️ hardcore fan check-in 👍👍🌹🌹
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It's a new week, and it's a fresh start. Never forget the enthusiasm you had at the beginning. If it's fading, it means you're about to be out, don't forget your original intention, and always stick to it! The presidential election will inevitably intensify the dramatic 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. The process of announcing the results on November 5th will affect market sentiment and have a short-term impact on the price of BTC, but not a significant long-term impact. The underlying logic of BTC's pump is not the policy of the Federal Reserve and who the US president is, but the global Crisis of Confidence in the US dollar! In addition, the Federal Reserve's Interest Rate decision on Friday, without exception, will directly stimulate significant price fluctuations in the market! It is expected that there will be significant fluctuations in the market this week.
💎
💎
Over the weekend, the price of Bitcoin showed a trend of continuous fluctuation and decline. Last night, the price experienced a Long Wick Candle probing down to the 67500 area and quickly rebounded after touching the bottom, showing a continuous upward trend. Currently, the price has achieved significant recovery. In the short term, the downward opening of the operating channel has released space, the price has stopped falling after probing lower, signs of recovery have appeared, the volume of short positions has decreased, the moving average has turned upward after consistent downward release, and the current warming trend has begun. On the four-hour level, the price did not rise after probing, and immediately fell, currently probing the lower support level, the operating channel has narrowed again, and the volume of long and short positions has changed frequently, the fluctuation has once again narrowed, the short-term cycle remains unchanged, the recovery after the oscillation and decline in the short term, and the downward trend cannot be sustained. The key support for BTC is concentrated below 67000-66500, with the extreme position at 65500. On Monday, in the short term, the support that needs to be followed is the position of 67500, which was tested yesterday! This downward adjustment will be an opportunity to get on board again, and our strategy in the future will focus mainly on buying at a low point.
💎
💎
The ETH daily candlestick had a pullback yesterday, and all three tests broke the 2400 level. After a Long Wick Candle dropped to around 2409 overnight, it rebounded to the 2475 level but fell back under pressure. It is currently trading around 2450. The key focus now is whether the 2400 level can truly stabilize and form a rebound. It's important to note that a rebound is not a reversal, and attention should be paid to the transition between long and short positions, especially with upcoming news. It is important to pay attention to position control and swing trading. It is worth noting that although the support level of Ethereum is gradually shifting downwards, there are Whales accumulating Ethereum. A Whale holding over 65,000 ETH has increased their holdings by $10 million in the past two days! Therefore, holding the support level, Ethereum is likely to have a strong upward correction in the near future!