Morning market analysis: the general election is pending, institutions participate, and Bitcoin breaks new highs in the early morning
【Market Analysis and Suggestions】
BTC: After the sharp drop in the early trading yesterday, it has continued to fluctuate and rise. In the evening, the needle was inserted. Yesterday, it was mentioned that the market has entered a state of self-hypnosis, that is, the next regular market should be adjusted to a shock. Pay attention to the downward trend suppression! Weak and volatile within the day, it is recommended that you step on the resistance and support points!
On the 4-hour chart, the price upward channel has formed. This stretching has driven the indicator system to reverse. At present, the main focus is on whether the suppression above the channel is sufficient. After the upward channel is formed, the main focus will be on the effectiveness of the suppression near the upper track of the channel within the day. If the price continues to be under pressure, the price will return to the short-term decline pattern.
In terms of operation, it is recommended to carry out batch short-term short positions at 14150-14300. It is recommended to place the stop loss at a new high.
ETH: In the evening of yesterday, stimulated by the news of the general election in country M, the result of the general election was reversed again. Bden successfully won Michigan and temporarily overtook LT. It rose by dozens of points to around 408, and successfully stood above 400 in the short term.
Looking at the market in the morning, affected by the time difference, after the general election in country M came to an end in the evening, the market in the morning began to stabilize. If there are no other external factors to stimulate the influence again, the price of the currency in the white market will have a certain degree of stability. The probability of a callback, every news of the general election will be a short-term turning point, but after all, the outcome is still undecided. For some callback needs, we recommend shorting at high positions for white market operations.
In terms of operation, it is recommended to carry out short-term short positions in batches at 402-405. It is recommended to place the stop loss at a new high.
