Thursday, November 7, Bitcoin late trading trend analysis!
From the technical structure, the price is going up and peaking, showing a correction trend and hovering in the middle and lower track area. The running channel is in a flat state. The long volume is arranged in a solid state, the moving average trend is anxious, and the small cycle is obviously oscillating and repairing. After the strong pull-up, the stability is insufficient, and it has entered the stage of consolidation and bottoming out.
From the technical structure, the running channel remains in a state of slow opening upwards, the price has not formed too much downward reversal and rising after the high-speed correction, the long volume maintains a solid arrangement to maintain the high price consolidation, the moving average forms a roundabout upward trend, and the trend remains repairing and upward. It is only a matter of time before it breaks through.
From the four-hour technical indicator chart, the running channel continues to open downward, the price tries to recover from weakness, the short volume is arranged in a shrinking volume, and the moving average turns to a certain degree of roundabout signs. The small cycle pattern continues to be weak and enters a oscillating repair stage.
Bitcoin personal operation suggestion: long around 74400, target 75400-76400 breakout and continue to rise!
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