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📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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November 5th
Yesterday's Market Review
Yesterday, BTC continued to fall, quickly dropping below 67000 and then quickly recovering. The current round of decline is related to the imminent end of the election, with capital temporarily withdrawing to wait and see. At present, the 4-hour chart has basically completed the consolidation, and the divergence at the bottom is very clear. Expect a rebound during the day. Currently, Trump's support rate in the election is higher, so you can follow to build a position within the day. The daily candlestick level remains healthy, and the weekly chart level has formed a golden cross. Hold on and stay confident. Subsequently, continue to be bullish.
ETH fell in sync with BTC yesterday, falling to around 2350 in the short term. Currently, a divergence pattern has also formed on the 4-hour chart. Expect a rebound during the day, and it is possible to build a position. Subsequently, remain bullish with a target range of 2800-3000 unchanged.
In the altcoin aspect, it followed the mainstream and fell synchronously. PATIENCE continued to hold SATS. Consider closing all positions around 50. HOLDING PEOPLE medium term can continue to wait. Keep holding FTM.
Intraday Market Analysis
BTC 1-hour and 4-hour levels are below the healthy level, and the daily candlestick level has returned to the healthy level. Expect a rebound during the day and consider building a position. The long-term expectation has not weakened. The intraday support is at 67000-67500, and the resistance is at 69500-70000.
ETH 1-hour and 4-hour levels are below the healthy level, the daily candlestick level is below the healthy level. Expect a rebound during the day. It is recommended to build a position and follow up. If you already have a position, please hold it. The resistance above during the day is 2500-2530, and the support below during the day is 2350-2400.