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#BTC November 6th BTC and ETH corrections have ended?
When the candlestick chart shifts from the relentless "bullet train mode" to the side-to-side "bumper car mode," many traders chasing the highs and selling the lows finally realize what it means to have the "steering wheel not in their hands."
Yesterday, I publicly shared my strategy: Bitcoin retraced to around 101,300. After the European session opened, it dipped to about 101,100, successfully setting up a position. The target is a breakout above 103,600, aiming for 104,500, with a midnight reach. For ETH, the plan was to buy around 3,285; it dipped to about 3,775, with a target of 3,398, aiming for a breakout to 3,440.
Currently, the 1-hour and 4-hour charts are hovering near the middle band of the Bollinger Bands, showing no clear direction. From the daily chart, we see a bullish close this morning, with stabilization above the lower band, so today still looks like a rebound.
BTC trading suggestion: buy around 102,700–103,000, with a target of 104,800; a breakout could see 105,500.
ETH trading suggestion: buy around 3,380–3,400, with a target of 3,488; a breakout could see 3,560.