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November 7 BTC follow-up thoughts



The market operated moderately yesterday, with a sudden small drop in the early morning. BTC briefly touched around 100200 before quickly rebounding to 102300. It then tested the low again without breaking the early morning low, and is currently fluctuating around 101100.

From the market perspective, the two dips in the early morning did not break below the 100,000 mark, and the support below is strong. If this level is not forcefully breached in the future, it is advisable to participate with a low long strategy. On the hourly chart, multiple bearish candles have retraced and dipped below the lower trend line but failed to continue the downward movement, leaving a significant number of lower shadows. Short-term bottoms have released support signals, so focus on low-level rebound actions during the day.

BTC trading suggestion: A pullback to around 100300-99500 is a good entry point for a long position. If it breaks above 101800-103000, then continue to look for upward movement #加密市场回调 .
ETH-1.32%
BTC-1.63%
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