November 7th

Yesterday's Market Review
Yesterday, BTC continued to pump, Trump was elected, significant Favourable Information on the fundamentals, driving BTC to break through to a new high, reaching as high as 76400. There will be a Federal Reserve interest rate meeting early this morning, expected to cut rates by 25 basis points, also Favourable Information on the fundamentals. The evening market is expected to pump again, with a mild pullback during the day for Position holders to maintain. The daily candlestick level remains healthy, and the weekly chart level golden cross has formed, so hold on with confidence and remain bullish in the following period.
ETH followed BTC to pump synchronously yesterday, and started to make up for the rise this morning. It has already broken through 2800. Currently, it has also entered the overbought zone on the 4-hour chart. There may be a pullback consolidation with BTC during the day. There is a high probability of continued pump with Favourable Information in the evening, and it will remain bullish in the future. It has already reached the target range of 2800-3000. Buddies holding it can reduce positions, and re-enter during the pullback.
In terms of altcoin, follow the mainstream and pump synchronously. Continue to hold SATS patiently. 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 have entered overbought territory, the daily candlestick level is above the healthy level. Consider building a position on a pullback to the support level during the day. The long-term expectation has not weakened. The support below during the day is 73800-74300, and the resistance above is 76500-77000.
ETH 1-hour and 4-hour levels enter overbought zone, daily candlestick level is above healthy level, pullback to support level can be considered to Build a Position, maintain the Position, intraday support level is 2680-2730, and resistance level is 2930-3000