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The current price of BTC has reached 69,300, and a wave of plunge has shattered the dreams of the bulls, but the bulls were still very powerful last month, and the support is unclear. There was a sharp drop, which can be considered as escaping a disaster. The bullish view given in the early morning was also a small gain of more than 600 points, and then I followed the trend and entered the short position, and also gained more than 900 points in the short term. From the overall structure, the bullish trend is still there, although there has been a retracement, the violent pull by the main force must be accompanied by a large retracement, and it is suggested that after the sharp drop, wait for the stop drop before speaking, we don't need to chase the rise and fall for the time being, the afternoon market will not have too much movement, the focus is still on the non-farm payroll tonight!
From the 4-hour chart, the price has now fallen below the middle Bollinger Band, and if the rebound cannot be sustained, there is a risk that the previous gains may be wiped out. In the 4-hour cycle, the MACD histogram has turned from positive to negative, and the DIF line has crossed below the DEA line, indicating that the bearish force has strengthened in the short term. At the daily level, MACD is still positive, but there are signs of weakening. The current price is below EMA7 and EMA30, indicating a short-term bearish trend; but it is still above EMA120, so there is still room for a rebound in the long-term trend. Therefore, it is recommended to buy on the low side!
BTC 68,900-68,500 long, target 72,000 ETH 2,480-2,470 long, target 2,600
Layout these top-tier tokens, and the bull market can surge 100 times!
I. ORDI
ORDI has shown strong growth momentum over the past year, with its trading price consistently staying above the key moving averages, demonstrating its strong long-term resilience. In particular, the token's price is still above the 200-day simple moving average, a phenomenon that often signals a long-term upward trend.
According to recent price forecasts, ORDI is expected to continue its upward trend and may reach a 228.53% increase in the near future. It is estimated that its price may reach $114.55 in November. However, it is worth noting that the valuation forecast has certain differences, and the expected price range is between $34.87 and $118.65, which is largely influenced by the market performance last month.
II. TAO
TAO, the Altcoin of Bittensor, as the first Altcoin of DePIN, is supported by the open-source protocol that supports the decentralized machine learning network based on blockchain. The token price once approached $800 at a certain point this year, but the recent market correction may provide potential buying opportunities for investors.
From the daily chart, although TAO's price is below the 20-day exponential moving average, it has not yet fallen below the 50-day EMA, indicating that its price may find support at this level. If this trend can be maintained, TAO's price is expected to rise to $681.85 in November.
III. Doge
Dogecoin (Doge), as a type of MEME coin, has been closely watched for its price fluctuations since its inception in 2013. Recently, the token has shown a significant upward trend, with a rise of more than 21% in the past week and a surge of 42% last month.
Currently, Doge's trading price is fluctuating between $0.155 and $0.176, facing a key resistance level of $0.165. If this resistance can be broken, Doge is expected to test $0.176, with a potential upside of about 17%. From the technical indicators, the RSI is 33.7, indicating a neutral market state; the stochastic indicator is 10.4, which is close to the oversold area, but the negative MACD is -0.0004, suggesting that the momentum may turn. Therefore, maintaining the support levels of $0.157 and $0.143 is crucial for maintaining its upward trend. If you are interested in creating a high-quality circle to discuss various basic industry knowledge in the crypto world, the rotation of hot sectors, and the basic methods of identifying tops and bottoms, and how to better grasp this bull market, you can contact me, WeChat: tian889902 (add and chat to join the group).
