Good morning ☀️ hardcore fan check-in 👍 thumbs up and get rich 🍗🍗🌹🌹
💎 💎 It's a new week and a fresh start. Never forget your initial enthusiasm. If it is waning, it means you are about to be eliminated. Stay true to your original intention and always be steadfast! The presidential election will inevitably intensify the drastic fluctuation of the cryptocurrency market. Regardless of who becomes the president, they will face the decline of the US economy, banking crisis, trade deficit, 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. However, the long-term impact is not significant. The underlying logic for the pump of BTC is not the Federal Reserve's policy or who the US president is, but the global crisis of confidence in the US dollar! In addition, the interest rate decision of the Federal Reserve on Friday is also news that can directly stimulate significant price fluctuations in the cryptocurrency market! It is expected that there will be significant volatility in the market this week. 💎 💎 BTC weekend price shows a continuous downward trend. Last night, the price hit a bottom at the 67500 area after a Long Wick Candle, and quickly rebounded, showing a consecutive positive rebound. Currently, the price has made significant recovery progress. In the short term, the downward opening of the operating channel has released space, and the price has found support after the downside exploration, indicating signs of recovery. The bearish volume has decreased, and the moving averages have turned upward after releasing downward consistency, indicating a warming trend. At the 4-hour time frame, the price did not rise after a brief upward movement and is currently exploring the lower support level. The operating channel has narrowed again, and the conversion of long and short volume has become frequent, leading to a reduction in volatility. The short-term trend remains unchanged, with a rebound after a decline and no continuation of the downward movement. The key support for BTC is concentrated around 67000-66500, with a critical level at 65500. On Monday, short-term support should focus on the previous low point at 67500! This downward adjustment will provide an opportunity to get on board again for buying, and our strategy will mainly be long at a lower price. 💎 💎 The ETH daily candlestick pulled back yesterday. The three tests all broke the 2400 support level. After the overnight low Long Wick Candle reached the 2409 level, it rebounded and fell back under pressure at the 2475 level. It is currently running around the 2450 level. The key focus now is whether the 2400 level can truly stabilize and form a rebound. A rebound is not a reversal, so pay attention to the switch between long and short positions, especially the upcoming news, which requires careful control of positions and swing trading. It is worth noting that although the support level of ETH is gradually shifting down, there are Whales accumulating ETH. A Whale holding over 65,000 ETH has increased their holdings by $10 million in the past two days! Therefore, it is highly likely that ETH will have a strong upward space for a rebound in the near future!
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Good morning ☀️ hardcore fan check-in 👍 thumbs up and get rich 🍗🍗🌹🌹
💎
💎
It's a new week and a fresh start. Never forget your initial enthusiasm. If it is waning, it means you are about to be eliminated. Stay true to your original intention and always be steadfast! The presidential election will inevitably intensify the drastic fluctuation of the cryptocurrency market. Regardless of who becomes the president, they will face the decline of the US economy, banking crisis, trade deficit, 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. However, the long-term impact is not significant. The underlying logic for the pump of BTC is not the Federal Reserve's policy or who the US president is, but the global crisis of confidence in the US dollar! In addition, the interest rate decision of the Federal Reserve on Friday is also news that can directly stimulate significant price fluctuations in the cryptocurrency market! It is expected that there will be significant volatility in the market this week.
💎
💎
BTC weekend price shows a continuous downward trend. Last night, the price hit a bottom at the 67500 area after a Long Wick Candle, and quickly rebounded, showing a consecutive positive rebound. Currently, the price has made significant recovery progress. In the short term, the downward opening of the operating channel has released space, and the price has found support after the downside exploration, indicating signs of recovery. The bearish volume has decreased, and the moving averages have turned upward after releasing downward consistency, indicating a warming trend. At the 4-hour time frame, the price did not rise after a brief upward movement and is currently exploring the lower support level. The operating channel has narrowed again, and the conversion of long and short volume has become frequent, leading to a reduction in volatility. The short-term trend remains unchanged, with a rebound after a decline and no continuation of the downward movement. The key support for BTC is concentrated around 67000-66500, with a critical level at 65500. On Monday, short-term support should focus on the previous low point at 67500! This downward adjustment will provide an opportunity to get on board again for buying, and our strategy will mainly be long at a lower price.
💎
💎
The ETH daily candlestick pulled back yesterday. The three tests all broke the 2400 support level. After the overnight low Long Wick Candle reached the 2409 level, it rebounded and fell back under pressure at the 2475 level. It is currently running around the 2450 level. The key focus now is whether the 2400 level can truly stabilize and form a rebound. A rebound is not a reversal, so pay attention to the switch between long and short positions, especially the upcoming news, which requires careful control of positions and swing trading. It is worth noting that although the support level of ETH is gradually shifting down, there are Whales accumulating ETH. A Whale holding over 65,000 ETH has increased their holdings by $10 million in the past two days! Therefore, it is highly likely that ETH will have a strong upward space for a rebound in the near future!