Afternoon Thoughts

Bitcoin surged again this morning due to Trump's increased election odds, breaking through the historical high and rising to around 75600. Currently, Trump's votes have exceeded 277, and the news of his victory has already been priced in. During the day, Bitcoin has increased nearly 6000 points, while Ethereum peaked at 2637. Bitcoin shows strong performance, while Ethereum is relatively weak, with no signs of an increase in exchange rates. In the short term, without sufficient volume for a downward dip, a bullish outlook can be expected.

From a structural perspective, the hourly chart is oscillating at a high level, facing resistance after a pullback of nearly 2000 points, but there is a trend of stabilization and upward movement. The KDJ indicator has changed slightly after the market's pullback following the surge, but due to news support, there won't be a significant pullback in the short term. A bullish outlook can continue as long as the price doesn't drop below 72500. Ethereum has not yet surged significantly and still has room for further gains.

For afternoon Bitcoin: Look for around 73000-72700, targeting 73700-74000

For afternoon Ethereum: Look for around 2580-2560, targeting 2610-2630.