Tuesday, November 7. The market declined under the influence of news, continuing to be bullish.
In the morning session, although the market was affected by the Trump and Musk events, it experienced a downward movement. However, there were no breakthroughs in the highs and lows, and overall it remained in a range-bound fluctuation.
The rebound short suggested in the morning coincidentally met this event, leading to unexpectedly large gains in the morning!
After a single bullish candle on the weekly chart, it has once again entered an adjustment phase, but the adjustment space provided this time is not large. The signal for a trend change is still pending! In the afternoon, we will continue to treat it as a range-bound fluctuation!
Tuesday afternoon trading suggestions
Bitcoin: Long near 106800-106500, target around 108500,
Ethereum: Long near 2450, target around 2580.