Gold Mining Benefit God: November 4 Bitcoin Analysis, first a drop then a rise, witness a historic change in trend!

CN
1 month ago

【The wind and snow have pressed on me for two or three years, I laugh at the gentle wind and soft snow】

Recently, the cryptocurrency market's wild fluctuations have attracted a large number of users, but the market is not simple. The challenge lies in people's hearts; the volatile market makes people's minds restless. Few can calm down to invest time and energy in studying the market. More people only focus on the ups and downs or whether the next wave will rise or fall. Very few care about why prices rise or fall. Even if they are curious enough to inquire, it often ends up being just a casual listen. Experience is like being stored in a broken pocket; you think you have a lot, but when you really need to pour it out, you find you have nothing.

I believe many have been observing the market in recent days, and many friends have been asking the teacher about the next operational plan. Today, I will continue to provide insights. I hope everyone can take a close look at the analysis. Additionally, I want to say a few more words. Most friends have expressed during my inquiries that they are operating with other teachers or on their own, unable to accurately grasp the market trends, leading to significant financial losses, which has caused them to lose confidence in the cryptocurrency contract market!

Here, I want to say that after experiencing BTC's breakthrough to a new high at the beginning of this year, followed by a sharp drop and rebound, the market has now been reactivated after returning to high points. Currently, many mixed analysts have emerged in the market, so please be cautious when considering following trades. Although time cannot prove anything, at least look at the reputation. There’s no need to mention the marketing accounts in the market; I believe everyone knows how they are hyped. Analysis articles cannot deceive people; even a few months of analysis can attract people into groups. I wonder if some are blinded by profits. Of course, these things are subjective!

【Let your ambitions soar, and one day you will reach the peak and laugh at the heavens】

Never underestimate the market's potential, and never let your greed blind your eyes!

As the saying goes, when a flood breaks through a dam, the market can also break through like a window paper. Before the flood arrives, we can only take precautions. When it truly breaks through, all we can do is wait, and after it ends, we can restore our capabilities. Just like in the cryptocurrency circle, don’t think about what you can’t grasp; just do what you can. The intention behind yesterday's pullback was clear, as it was a cyclical rebound demand, and the warming market sentiment was also one of the reasons for this rise. Many people treat digital currencies as a speculative model, but that’s not the case. Sometimes, the chain reaction in the market is beyond your imagination.

It is human nature to seek profit in the market. When you are in it, learn to face the market without being impulsive. Generally, there are two situations: either you run out of money, or you have grown. You won’t be troubled by the need to trade every day, nor will you be restless waiting for a market that isn’t moving. Instead, you will adapt or get used to it because you clearly understand that this is just part of trading. The highs of success cannot last forever, but the lows of failure cannot be everything; this process itself is a growth process.

Or don’t believe it; just look at yourself. I am Taogold Huishen, a teacher focused on analysis, and I hope everyone can grasp their share of operational profits. If you need more operational methods, feel free to contact me for market consultations!

【11.4 Bitcoin Market Analysis】

Yesterday, BTC closed with a solid bearish candle, with the closing price below the middle band of the daily Bollinger Bands, breaking below the middle band. The MA5-10 day moving averages formed a death cross near 69300, indicating a bearish bias for the day. This is also the current short-term pressure point. Pay attention to this point; if the daily closing price at midnight is below this level, then it will open lower tomorrow. Conversely, if it closes above, this short-term pullback will end, and the bulls will warm up, aiming for 71000-72000 before considering a drop.

My personal guess: The subsequent market this week will first see a small wave of gains, then drop after the election news is digested, and wait for the interest rate cut confirmation on 11.9 to continue rising, breaking historical highs.

【11.4 Bitcoin Trading Strategy Reference】

Long Position: Enter a short-term long position on the first pullback near 68600, with a small stop loss looking at 69300-70000 for gradual exits.

Short Position: Enter a short position on the upward spike near 70200-70400, with a stop loss at 70800, looking down at 68500-67000 for gradual exits.

Additionally, for those with conditions, trend trading setups can be made by entering spot and contract positions at the bottom of 65000-63000 this month, aiming for historical highs!

【Huishen's Conclusion】

Sometimes, many things are really hard to express their meaning. You can never guess the market's changes. You may be bullish, but the main force can drop first and then rise, or rise first and then drop. However, the outcome is certain; there is a certain probability of rising and falling. Trying to analyze whether it will drop first and then rise or rise first and then drop will only lead to being tossed around by the main force. Moreover, the main force is just a small player in front of the market; why care too much?

Perhaps all you need is just my encouragement, a piece of advice, or a word that reaches your heart, which can change your situation!

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