Evening of November 7th, Bitcoin Aunt's Market Analysis

Looking back at the afternoon, Bitcoin experienced a brief consolidation and accumulation of energy before the bullish momentum erupted again, successfully refreshing the new high of the phase to the 118900 mark, continuing the recent strong trend.

From the 4-hour technical analysis: The Bollinger Bands show a clear upward expansion pattern, which typically indicates that the current trend momentum is continuously strengthening, and the price's fluctuation range is expanding in line with the trend direction; the price consistently runs close to the upper band, indicating that the bulls completely dominate the market rhythm, and the short-term upward momentum is strong.

The continuous rise over the past two days has left many bears with no opportunity to exit. It is recommended to operate in line with the trend, cautiously avoid shorting, and go long on pullbacks, while ensuring to maintain stop-losses.

Bitcoin can be positioned for long in the range of: 105800 - 106800

Targeting around 120000 - 122000

Ethereum can be positioned for long in the range of 2920 - 2960

Targeting around 3100 - 3180 #BTC再创新高