November 7, 2024 $BTC Trend Analysis (Technical Level) The election will definitely be won by Chuan Bao, and BTC will break through a new high in one fell swoop! How will BTC go after the high?
BTC weekly level: The weekly high continues to rise. As for how high it can rise? It depends on whether the secondary structure is complete and divergent, or whether the weekly level has a top pattern (Figure 1)
$BTC Daily level: Structure is king: The daily level 1-2 has a complete consolidation structure, and a and b are compared without divergence, so there is no selling, so the high point of 73,000 will definitely break. In the past, every Monday would say that the high point must be broken and hold patiently.
At present, the daily level breaking high point b and c segment are divergent, so it is necessary to pay attention to the end of the divergence segment of segment c and go in the opposite direction. If the divergence section of segment c fluctuates at a high level for one or two days without a large volume surge, it is necessary to prevent a daily level decline! (Figure 2)
4-hour level: There is no chance of high-level fluctuations in 4 hours. BTC fluctuates at a high level, and altcoins are full of gold. (Figure 2)
$BTC 30-minute level: 30-minute a and b are not divergent, but the internal b segment is divergent, so the short-term level will pull back to a 30-minute section. (Figure 3)
