Market analysis on November 5th: the market rises in tandem with Bitcoin and Ethereum
On the news, both the U.S. stock market and the bond market rose strongly overnight. The U.S. stock market has risen for three consecutive days, and the exchange rate has also exploded. On the whole, the US political party did not win a big victory yesterday, which means that the new round of large-scale fiscal stimulus plan in the United States may continue to be "difficult to deliver", which is one of the reasons for the formation of the above factors.
BTC market analysis: Yesterday morning, it rose above the 14058 line and then fell back, forming a door-to-door market. In the afternoon, the bitcoin market continued to pull back. The daily lowest point touched the 13524.7 line and was supported. The market rebounded all the way in the evening and broke through the top of the box. This morning The highest point touched the 14255.81 line. At present, the bitcoin market is fluctuating in the range around the 14099.94 line in the coin holder chart. The support level will stabilize within the day.
ETH Market Analysis: On the whole, Ethereum is synchronized with Bitcoin. In the early morning, it rose strongly by more than 20 points, and the high point touched the 408 line. At present, Ethereum has broken through from the next box to the previous box. In the short term, it can be linked to Bitcoin. Support for the bottom of the box.
