On Tuesday, the market's fluctuations were relatively limited, showing an overall consolidation trend. In the evening, after a stable operation during the day, the bullish strength significantly increased, driving the market to experience a strong rally. After reaching a high of 70500, the price encountered resistance and displayed a downward trend. Meanwhile, Ethereum also rose in sync, with its price similarly facing pressure after reaching 2479.

The 4-hour chart shows a strong bullish candle that broke through the upper band but was subsequently resisted, forming a candlestick pattern with a long upper shadow, indicating that the bulls failed to solidify the gains, and the market quickly retreated. The short-term structure suggests that after a rebound, the market may continue to accumulate strength, seeking opportunities for a downward breakout. On the daily chart, a small bullish candle follows consecutive bearish candles, representing a normal technical correction. After a rise and subsequent retreat, the market has initially formed a bearish wave pattern. It is expected that after the rebound correction, the market will continue its adjustment wave, with a possibility of further pullbacks in the future.

Midnight trading advice

Bitcoin 70000_70600 can be shorted, target focus on 68500

Ethereum 2480-2470 can be shorted, target focus on 2350. #美国大选后涨或跌？ #BTC突破7W