November 4th Pancake Daily Report:
As expected, BTC has completed the bearish AB = CD pattern reversal, and a pinbar has appeared at the bull-bear line, demonstrating strong support.
Next, the market is likely to see a rebound, with a higher possibility of a bullish trend. Although the medium-term trend has not yet formed an effective structure, the resonance between the bull-bear line and previous key support has generated multiple bottoming signals, indicating that bulls are actively entering while bears are gradually retreating. Therefore, the future market and long-term trends lean more towards a bullish outlook.
Follow me for daily updates on the latest and highest quality market information, wishing you smooth sailing on your path to wealth. Communication: #btc7772
