2024.11.4.BTC

Dear traders, happy Monday! In the new week, let's be energized and get back into the market for another battle!
Last week, BTC closed at 68076, below 70500! It formed a long upper shadow hammer, forming a Sideways oscillation with the small shuttle star from the previous week, seemingly indicating that there is resistance above and support below at this level, and there will be oscillation at the weekly k level!
The pressure of 70500 above cannot be ignored!
At the beginning of this Monday, the daily k-line was still in a downtrend from last week. There was some Rebound in the first half of the day, temporarily closing with a positive k-line. However, in the short term within the day, various hourly periods showed a Rebound trend. Pay attention to the resistance levels at 69200, 69800, and 70000.
Intraday short-term advice is to wait for opportunities near 68350, and you can go for a Rebound market!
Currently in the early stage of Rebound, with weak momentum!
From the current perspective, the successful Rebound today suggests that there is a high probability of a trend of going up first and then down for the week, replaying the plot of last week. Intense market conditions are expected in the latter half of the week, in line with the overall market fundamentals. Trend traders, please follow the subsequent market trends!
Welcome follow, keep sharing!