Telego
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November 4th


Yesterday's market review
Yesterday, BTC continued to fall, falling to 67500 in the short term, and has fallen to the support range. The expectation of this round of decline is related to the upcoming election, with capital temporarily withdrawing to wait and see. Currently, the consolidation on the 4-hour chart is close to completion, and the bottom deviation has formed. A rebound is expected intraday, but it is still recommended to remain cautious and wait for the election results before taking action. The daily candlestick chart remains healthy, and a bullish golden cross has formed on the weekly chart. Hold on with confidence and remain bullish in the subsequent period.
ETH followed BTC to fall yesterday, and has fallen to a strong support level of 2400-24500. Currently, a divergence pattern has also formed on the 4-hour chart, with an expected rebound during the day. There is strong support at 2400-2450, which can be used to build a position. Subsequently, it will continue to be bullish, with the target range unchanged at 2800-3000.
In terms of altcoins, they fell in sync with the mainstream. Be patient and continue to hold SATS. Consider closing all positions around 50. Hold PEOPLE for the medium term and continue to wait. Keep holding FTM.
Intraday market analysis
BTC 1-hour and 4-hour levels are below healthy levels, while the daily candlestick level is above the healthy level. Expect a rebound intraday, but remain cautious. The long-term expectation has not weakened. Intraday support is at 68000-68500, and resistance is at 70000-70500.
ETH 1-hour and 4-hour levels are below healthy levels, daily candlestick level is below healthy level, expecting rebound within the day, main focus on observation, holders should hold their positions, upper resistance within the day is 2530-2580, lower support within the day is 2400-2450.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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