At the end of May, the third rising band was actually predicted to reach 35,000. But the result only reached 31,800. I have always wondered that this band has not actually ended. As a result, it suddenly arrived this week, which can be regarded as making up for the second half of the third rising band, so this band has come to a successful end. This wave of saucy operations has really confused people. Especially the 31800-pin 35900 pulls very violently. If you need to go through a band callback cycle and then start the fourth rising band, you need to call back to the lowest 29300, and then rush up to 42000. But at present, macd at the medium and large level is still strong, so we can only wait and see. It is also possible that it will continue to rise for a week or two, and then pull back all at once. We will have to wait and see for details after the 11.2 Fed meeting.

Many people are confused about the current contract and spot trading, and are panicking about being short. They are also worried about whether the price will continue to rise. Those who have already cut their profit are very anxious, and they dare not enter any more after it has risen so much. The current daily, weekly and monthly lines are all bullish trends, and there is still room for growth in the future, pointing directly to 39800-42180, but 36000-37300 is a strong shock zone, equivalent to 23500-25200, and it will take some time to grind. , only after the breakthrough stands firm can it continue to reach new highs. At present, in the short term, it is necessary to confirm that the 31800-33000 area is stable, and there will be a need to step back. Near the end of the month, it will basically fluctuate sideways, and there will be a big drop next Thursday. If it reaches the 31000-31800 area, it can enter the long position and buy spot. There may also be a rebound in the middle two weeks after November 2, and then a correction in the last week.

Since this wave of market conditions is stimulated by information, we should take advantage of the situation and follow the trend. Stop loss must be set when doing short-term trading. If you want to do medium and long-term, it is recommended to place orders at a low multiple of 3-5, sell high and buy low. In fact, the price of mainstream altcoins is still very low for the bull market, and it has not increased much in the past week. When BTC comes back, it will increase its position. It will buy big when it falls big, buy small when it falls small, reduce its position when it rises big, but it won't move after it rises small. #BTC #etf #pepe