Reported by CoinWorld:
When facing setbacks, you should understand that the beginning of an ascent often extends from a point located at a low position, as many times there is no way out unless you find a way forward.
Looking at the 1-hour K-line of Bitcoin, after the Bitcoin price broke above the upper band of the Bollinger Bands, it began to retrace. However, the retracement is not significant, only reaching above the middle band of the Bollinger Bands, still quite a distance from the middle band. The MACD lines in the wave-like trend show that the shift between bullish and bearish is very rapid now.
The KDJ three lines are crossing downward, indicating a bearish trend, but currently, it is advised to watch the bearish trend without taking short positions, as it is merely a normal rise and fall. Therefore, today’s strategy for SLU is primarily focused on retracement for more gains.
Thursday, November 7, Morning Operational Strategy:
Bitcoin: Go long between 74,800 and 75,200, with a target of 76,500 and a stop-loss at 74,300.
Ethereum: Go long between 2,770 and 2,810, with a target of 2,900 and a stop-loss at 2,750.
Strategies have a certain timeliness. For more exciting guidance and better grasp of the direction, if you are uncertain, remember to consult me, Shuke Talks Coins!
