Be cautious of one-sided market movements on Friday evening!
In the early morning, Bitcoin fluctuated and rose near 68800, but did not form a continuation breakout above, instead, it faced pressure and retreated, reaching a low of around 67200 before stopping the decline and rebounding for repair. The current price is operating around 68000.
From a technical structure perspective on the four-hour chart, the K-line fluctuated and pulled back to touch the middle track support, but the bears did not form a continuation downward action. Meanwhile, the bulls' space is gradually opening up, with all moving averages and supplementary indicators showing upward turning actions. Additionally, in terms of volume, the bulls are still maintaining a back-and-forth conversion with increasing volume. Overall, the rhythm still maintains a bullish operation, so in our operations, we will primarily focus on low buy and bullish outlook. When approaching the upper pressure area without forming a continuation breakout, we will consider looking for a short position on the pullback!
Specific points of reference:
Buy Bitcoin lightly around 67800, add to positions near 67300, targeting 68800-69800 above. #BTC回升至6W7 #美国大选前行情观察 #比特币挖矿难度创历史新高 #BTC走势分析
