Yesterday's news of Trump's successful election also stimulated the cryptocurrency market, with Bitcoin reaching an all-time high. In the hourly chart, the MACD is in the positive zone, and the DIF line has crossed above the DEA line and continues to diverge upwards, indicating a strong bullish signal. The current price is above EMA7, EMA30, and EMA120, with the EMA moving averages showing a bullish arrangement, supporting the view of continued bullishness. The daily trading volume significantly increased on November 6, corresponding with the sharp rise in price, indicating a high level of market participant acknowledgment of the current trend. Hourly trading volume also remains at a high level, supporting further price increases. It is approaching the overbought zone but has not yet entered extreme overbought territory, suggesting potential pullback pressure in the short term.
Bitcoin suggestion: 74000-74500, target around 76000 near #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH