From the above BTC 4-hour candlestick chart, we can observe the following key points:

Trendline: The current price is in a downtrend. Recently, BTC has failed to break through the upper resistance and has gradually retraced from recent highs. The closing price yesterday was below the short-term moving average, indicating strong bearish momentum.

Moving Average System: The 5-day and 10-day moving averages show a downward trend, with significant short-term resistance. The 20-day and 30-day moving averages are also starting to flatten, indicating signs of trend weakening, and the market currently lacks strong upward momentum.

Keltner Channel: The current price is running in the lower part of the channel, indicating a balance of forces leaning towards the bears.

MACD Indicator: Although the MACD is not shown in the chart, based on previous price fluctuations, it is expected that the MACD line may exhibit bearish volume signals, with risks of further declines in the short term.

Trading Strategy

Based on the current technical indicator analysis, the following are today's operational recommendations:

  • First Take-Profit Level: Around 69350 USD. This is a short-term resistance level, and if the price rebounds, there is an opportunity to partially take profit at this position.

  • Second Take-Profit Level: Around 69600 USD. If market sentiment improves, it may test this resistance area.

  • Stop-Loss Level: Around 68300 USD. If the price falls below this level, it indicates that the downside may further open up, and decisive stop-loss is recommended.

Today's Trend Forecast

Based on yesterday's downtrend, it is expected that BTC may continue to show slight retracement today, but there may be a rebound demand near the short-term support level. If the price stabilizes above 68500 USD, it is expected to rebound and test the 69300 USD line. However, if this support is broken, the price may decline further to test the 68000 USD level.

In short-term operations, it is advisable to be cautiously observant. If the price rebounds near the first take-profit level, short-term profit-taking can be considered. Risk should be strictly controlled during operations to ensure capital safety.

This is a technical analysis of BTC's trend today, with a directional preference for a high-sell low-buy strategy, expecting a volatility range of 100-150 points.
Recent market turbulence has brought new investment opportunities. Through in-depth analysis and data research by Lao Chen, some potential high-return opportunities have been identified. Whether it's Bitcoin's momentum indicators or technical signals from other mainstream coins, Lao Chen will provide detailed analysis to help you navigate the market.

#美国大选后行情预测 #美国大选后涨或跌？ #BTC☀ #非农就业人数大幅降温 #11月市场预测 $BTC $ETH $BNB