Date: November 10, 2024

The pump trend continues, still awaiting final confirmation, pay attention to the short-term pullback risk in the market.

daily candlestick level: yesterday's daily candlestick Closing Price also closed below the Upper Shadow of the previous day, still waiting for the last Closing Price to create a new high Candlestick to confirm the "1+3" model of pump breakthrough.

4-hour level: From the corresponding 4-hour chart, the Trading Volume is still in a shrinking state, lacking sufficient volume to support the price's continued strong upward breakthrough. The price is likely to pullback after rebounding to the lower edge of the rising wedge. The upper resistance is around Fibonacci 1.618 level (near 77800), so the risk-reward ratio for chasing rising prices here is not high and the risk is relatively high.

Lite Version
Currency: BTC
Date: November 10, 2024

Technical Analysis：
Indicator: "1+3" model + Fibonacci
Conclusion: The pump trend continues to await final confirmation, be mindful of the short-term pullback risk in the market
resistance level: near 77800
Support level: near 72600
#BTC