On the 8th of November, Friday, Lao Mou Bitcoin market analysis:

BTC has continuously broken through new highs under the recent impact of the news, with the current peak around 76800, already surpassing our first target of 76000. The market is expected to be relatively flat over the weekend, but we should also try not to miss every 'get on board' opportunity!

In the short term, after BTC surged, it retraced again, currently around 75900, and formed oscillations at this level, similar to yesterday's trend. Meanwhile, the high and low points continue to move upward. Next, follow whether it can stabilize at a high level!

In the one-hour timeframe, BTC is located around the middle rail, with the support moving up to around 74500, and the middle rail in the four-hour timeframe is around 73500. The Bollinger Bands in the technical indicator are diverging upwards, while the MACD continues to release energy upwards, and the four-hour MACD energy is decreasing.

Overall, BTC did not form a one-sided trend after a strong rally. In the current situation where uncertainty prevails, market panic is also high. It is advisable not to blindly chase the high position, and to continue a steady and cautious approach to get on board.

BTC trading advice: short on rebounds, short at 74000-74500 on rebounds, targeting the key level of 77000! #BTC