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11.01 BTC pullback price is close to the target, observe if it continues to fall tonight in the short term. If the market does not fall, watch for recovery.
So this round, on November 5th, we will welcome the general election, which will bring huge fluctuations. All leveraged users should pay attention to safety.
BTC this round of hourly pullback is close to completion, the third largest position is around 68500--68700. If this position is broken, then the logic of this round of gains will weaken, continuing to test around 65, but it is highly probable that this position can hold.
After the current position fell below, the bottom support reached the previous low near 67300 and the next 650000, follow the price near the support and whether the non-farm data at night will give an opportunity.
BTC daily-4-hour level market analysis
This round of pullback is slightly different from the expectation, coming a bit more to the key support level. For now, the 4-hour and daily candlestick charts are at a crucial position. If the price falls below around 68800, then this round will once again test the bottom support near 66000. Intraday, it is still a large-scale upward trend, experiencing a small pullback. We will wait to see if it falls below the previous low tonight, and then wait for event-driven market stimulation.
BTC Intraday Analysis
Intraday BTC prices are still dominated by declines. The bottom support level is around 68800. Intraday long positions should defend this level. If it does not break, we can expect a rebound. For now, the focus is on testing the bottom again. The extreme bottom position is the support level around 66000. Be patient and slowly build a position at this level.
ETH Square is relatively weaker than BTC, but this position can play a role in the strengthening of ETH Square after Rebound, following the support of the previous low of ETH Square, and the low point of ETH Square is relatively stable compared to BTC, allowing for long positions.
The spot market has survived the toughest times, and now it is a season of harvest or re-cultivation. I hope everyone will take good care of themselves and not waste two years of hard work.