Nov 5: $BTC — Vote counting in the U.S. election continues. Election uncertainty has eased somewhat for now, while market risk appetite continues to recover. The U.S. Dollar Index and Treasury yields have both declined.
[Today's Strategy]
Short entry zone: Enter on a rebound to 81000–81400
Long entry zone: Enter after a pullback to 79800–80100 holds
Stop-loss: Short positions above 81800; long positions below 79200
Take-profit:
Short targets: 80200–79700
Long targets: 80900–81200
[Core Rationale]
After forming a deep V-shaped reversal on the hourly chart, the price has entered a period of consolidation at elevated levels. It surged from the low of 75690 on heavy volume, breaking through multiple resistance levels. Short-term bullish momentum is dominating the market, but the previous high area around 81188 has accumulated substantial trapped positions and profit-taking pressure. A decisive breakout will require additional capital, and a technical pullback may follow the rally. The 79800–80100 area below is a high-volume zone from the latest rally and has become a support zone after the breakout; a confirmed pullback here would make a continued rebound more likely. The recovery rally driven by election sentiment is still unfolding, but the macroeconomic environment of high interest rates has not fundamentally shifted. The market is likely to remain volatile within a broad range, with a modest bullish bias. Manage position sizes strictly when trading the range, and guard against extreme volatility caused by shifting news.#Btc #BTC price analysis
[Today's Strategy]
Short entry zone: Enter on a rebound to 81000–81400
Long entry zone: Enter after a pullback to 79800–80100 holds
Stop-loss: Short positions above 81800; long positions below 79200
Take-profit:
Short targets: 80200–79700
Long targets: 80900–81200
[Core Rationale]
After forming a deep V-shaped reversal on the hourly chart, the price has entered a period of consolidation at elevated levels. It surged from the low of 75690 on heavy volume, breaking through multiple resistance levels. Short-term bullish momentum is dominating the market, but the previous high area around 81188 has accumulated substantial trapped positions and profit-taking pressure. A decisive breakout will require additional capital, and a technical pullback may follow the rally. The 79800–80100 area below is a high-volume zone from the latest rally and has become a support zone after the breakout; a confirmed pullback here would make a continued rebound more likely. The recovery rally driven by election sentiment is still unfolding, but the macroeconomic environment of high interest rates has not fundamentally shifted. The market is likely to remain volatile within a broad range, with a modest bullish bias. Manage position sizes strictly when trading the range, and guard against extreme volatility caused by shifting news.#Btc #BTC price analysis
