11.5 Tuesday Evening Bitcoin Market Analysis！
From a technical structure perspective, on the four-hour level, the operating channel has formed a wide range of volatility, with prices spiking and then pulling back without continuing to drop, but instead entering a recovery trend. The volume is still arranged in a bullish pattern, showing tension in the moving averages, but it has not led to a downward price release. In the short cycle, it has entered a downward consolidation before recovering, with fluctuations as the main feature and spikes as a supplement.
On the one-hour level, the operating channel is climbing but facing pressure and pulling back. Currently, the price is in a narrow range of fluctuations at a high level, which is actually a weak pullback and consolidation. The bearish volume is arranged but does not have substantial release capacity. Although the moving averages are pointing down, they do not provide the bearish space to move out. Currently, there has been a turn upwards to maintain the high-level consolidation of prices. The spikes will require time for further preparation. In the upcoming strategy, we will primarily focus on buying on pullbacks to lower levels and supplementing with short positions if key areas are not broken during the upward correction. $BTC $ETH #美国大选后涨或跌？ #以太坊白皮书11周年 #美国大选后叙事观察
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Bitcoin 68500-68200 Buy Target 70500
Ethereum 2430-2420 Buy Target 2500