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Analysis of thoughts on the morning of November 3rd
The price of Bitcoin is currently below the middle band of the Bollinger Bands, with the lower support level at 108822. If it can effectively stabilize at the middle band and break above it, the Bollinger Bands are expected to widen, thereby opening up space for price increases. Meanwhile, the MACD has been continuously rising after forming a golden cross, and the appearance of green bars also confirms the continuous strengthening of short-term bullish momentum.
It is recommended to buy near the range of 109100-108600, with a target looking at 110500-111500, and to defend 500 points!
(Aggressive traders can go long directly around the current price of 109500)
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