October 31st, Thursday, Bitcoin Evening Market Analysis!
Technical Structure: From the daily perspective, the operating channel is maintaining a slowly upward opening state, with price surges followed by pullbacks that have not formed excessive downward reversal to rise. Bullish momentum continues to keep the price in a high-level consolidation, with moving averages forming a winding upward trend, and the trend is maintaining a recovery upwards; breaking higher is just a matter of time.
From the four-hour technical indicator chart, the operating channel is showing a continued downward opening state, with price testing both sides weakly and recovering. Bearish momentum is arranging in a compressed consolidation, and the moving averages are showing signs of a certain winding trend. In the short cycle pattern, it still shows a weak trend, entering a phase of oscillation and recovery.
Personal trading suggestion for Bitcoin: Go long near 71700, with targets looking at a breakout to continue upwards towards 71200-72700! #BinanceBlockchainWeek #美国大选后行情预测 #TIA超大额解锁 #你问我答 #下一BTC历史新高是多少？ $BTC $ETH
