11.1 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:

Yesterday, Bitcoin experienced a prolonged period of fluctuation within the 1-hour Bollinger Bands channel. In the evening, after breaking the fluctuation, it rapidly slid down to below the current EMA160 position. The Bollinger Bands are currently maintaining a downward opening, with the lower band approaching the EMA260 position, and the K-line closely following. Friends holding short positions need not rush to exit, as there is still space below that hasn't been exhausted! There is strong volume below the zero axis, and the fast and slow lines continue to diverge downward;

In the current 4-hour chart, the Bollinger Bands are opening. Although the market is in a downtrend, the upper band has not turned downward. The current K-line is moving along with the lower band, intentionally approaching the EMA60-80 position. Therefore, long positions can also consider this position for testing, as it is also the intersection support point of MA60 and MA80. For the upper pressure point, just consider the middle band and the MA15 range; in the MACD, there is strong volume below the zero axis, and the fast and slow lines have a serious death cross at high levels, so it is advised not to enter casually until the trend correction is complete;

On the daily level, the Bollinger Bands are opening upward, and the market is not as terrifying as some say. When it rises, they shout bull, and when it falls, they shout bear. Therefore, for the current K-line, just consider the support of the middle band and the MA15 range below. Although the fast and slow lines are converging, Lihui believes that there will still be a rebound near the slow line, so everyone should not be anxious. Currently, all EMA moving averages are still bullish;

Based on the above indicators, Lihui believes that the target for short positions can be seen near the 69000 position below, and it is advisable to continue entering light long positions on dips. Why go long? It is best not to chase low short positions before the election; a wave of long position liquidation should not make you anxious! Therefore, specific operations for short positions should be based on real-time strategy notifications!

At 5:11 AM Beijing time on November 1, the editor suggests light long positions on dips in the 68800-69300 range, reserving the 66700-67000 range for additional purchases, with a stop loss of 500 points; targets are set at 70400-70900-71500, and if it breaks above the 71600-72000 range, it can be held until near the 73000 position;

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when favorable!

I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. Friends who are unsure about operations are welcome to comment and leave messages!

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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!

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