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Good morning ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
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Countdown to October 2024, 3 days left. Entering the encryption market in November will be influenced by a series of uncertainties. Firstly, the US non-farm payroll data will be released on November 1st, followed by the US presidential election on the 5th, and a series of economic and financial data releases. Some analysts believe that if Trump wins, there will be a big pump in the encryption market, with BTC breaking through its all-time high and reaching new highs. If Harris wins, the encryption market will experience significant volatility, with BTC breaking through $68,000 during trading. The tokens sol, jto, jup, and ray on the SOLana ecosystem continue to show strength, with sol approaching the ideal level of $200, reaching as high as $178.4. In fact, the recent trend of BTC shows that regardless of significant fluctuations, the bottom is continuously rising. The trend of AltCoins seems a bit difficult to grasp, with frequent unlocks and delistings. Therefore, it is important to pay attention to changes in the news when making decisions.
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In the past week, BTC soared to the 69553 level and then experienced a sharp decline, with the lowest point reaching the 65240 level before stabilizing and fluctuating again. The range of up and down is four thousand points, making short-term operations more difficult. The technical structure shows a small bullish candlestick on the daily chart, stabilizing above the middle track, and forming a W-shaped rebound pattern at the end of the daily candlestick level, indicating a bullish signal. The 4-hour candlestick climbed the middle track and formed a wide-range seesawing state with a large bullish candlestick. The price did not continue to decline after a high pullback, but entered a repairing and warming trend. The volume is still in a long position arrangement, and the moving averages are showing tension, but they have not led to a price drop. In the short term, consolidation and recovery are expected, and it will take time to lay the groundwork for further upward movement. Our strategy for now is to focus on long positions at low levels and short in the key areas if there is a recovery.
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After consolidating over the weekend, Ether opened a new increment. Yesterday, the lowest point touched 2464, experiencing a Rebound, while the highest point rose to 2527, facing pullback pressure. The daily candlestick formed a small positive K-line consolidation, with consecutive shrinking daily K-lines. Accompanied by bottom exploration and rebounding yesterday, the daily K-line entity was relatively small, still maintaining within a range of oscillation. The 4-hour Bollinger band is starting to contract, with short-term resistance at 2620 in the follow channel. Breaking through upwards indicates an expectation of filling the rise, temporarily unable to break out of the strong one-sided trend in some areas, structurally unable to show too much strength, it will fall into a rhythm of Whipsaw oscillation.