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November 6th
Yesterday's market review
Yesterday, BTC started to pump, has now surpassed the previous high point, reaching as high as 75000. Yesterday, it was explicitly suggested to Build a Position. This round of pump is expected to be related to the election. Currently, Trump's approval rating is higher. It has re-entered the overbought zone on the 4-hour chart. Intraday, we need to observe the election situation. If Trump's approval rating remains higher, the pump may continue; otherwise, a pullback may begin. To prevent unexpected situations, consider setting a moving take profit at 73000. Stay vigilant throughout the day, wait for the election results. Maintain a healthy daily candlestick level, with a confirmed golden cross on the weekly chart. Keep holding and stay confident, remaining bullish in the future.
ETH followed BTC to pump synchronously yesterday, breaking through 2600 in the short term. Currently, it is also close to the overbought zone on the 4-hour chart. Watch for intraday developments, and remain bullish in the future. The target range remains unchanged at 2800-3000.
altcoin follows the mainstream and pumps, PATIENCE continues to hold SATS, consider closing all positions around 50, PEOPLE can continue to wait for the medium term, keep holding DOGS, keep holding FTM
Intraday market analysis
BTC 1-hour and 4-hour levels have entered overbought territory, the daily candlestick level has returned to a healthy level, wait and see during the day, the expectation for the larger cycle has not weakened, the lower support for the day is 72000-73000, and the upper resistance is 75000-77000.
ETH 1-hour and 4-hour levels enter overbought zone, daily candlestick level is below healthy level, wait and see during the day, maintain Position, upper resistance 2700-2800 during the day, lower support 2450-2500 during the day