BTC assessment on November 8:

Yesterday, I managed to make a few Long trades, but all my short trades based on my technical analysis hit stop-loss. I also understand that BTC is currently in a bull run phase, so we cannot look at smaller time frames from 4H downwards for analysis. BTC is heading towards a very high price range, with significant price fluctuations, so the analysis charts must also be on larger time frames.

- 1D Frame: The 1D candle yesterday narrowed the price fluctuation range of BTC from 74400-76700 by more than 2k3. And today's candle may also fluctuate within this price range. There is a small support area around 754-755; if it breaks, you can re-enter at 74x.

- 4D Frame: Currently in a nice upward trend, the D4 candle will surely continue to be green and create a new peak.

- M1 Frame: Looking at this month's frame, BTC may head towards the upper band of the BB chart, around the price of 84k.

=> My assessment:

- The general sentiment of everyone is very hopeful for a change in the crypto market; the buying force is very strong, so don’t hold back due to a 1-2k price difference. Although BTC is at a record high, the indicators on the larger time frames are still low, signaling that BTC will increase significantly more.

- Therefore, holding Long positions now is almost a 70% winning chance; each long red candle will be a good opportunity for you to increase your position. The immediate target will be the 8x range, after which there will be a price correction of 10%, and then it will continue to rise very high.

- Please consider this and develop your own strategy.