$BTC takes off, the win rate belongs to Trump
【Today's Market Analysis - BTC - 11.6】
For technical analysis learning only, not as investment opening advice. Profit and loss are self-responsible.
1. Daily: As mentioned yesterday morning, the market showed signs of manipulation from the big players, and they started pushing it up at night; the election is no longer uncertain. The bull is taking off. The current price is already around 71. It is not recommended to chase long positions. Instead, look for pullback longs; the range of 687~693 is the position for retracement, which may also dip down to this range. Currently, overall short liquidity is low, insufficient to support a price increase; wait for a pullback to chase longs.
2. 4H: There is resistance around 717 above preventing price breakout; the price is trapped in a wide range of 68~717, and temporarily the price will not break 717, but overall it remains a strong bullish trend.
3. 15min: The price is consolidating around 71. During the consolidation process, if short liquidity continues to increase, the price will first move towards 717, then pull back.
Intraday trading thought: Be cautious and enter long at the pullback position; the big bull is about to start, do not short.
