【2024-10-8 Market Trend Analysis】

At present, I will briefly tell you about the market situation. Bitcoin is currently in a volatile area. This area is at: 59500.3-61487.7. Try not to poke orders today, because the big cuts are not stable, and these copycats are even more difficult to do.

Pinning

Bitcoin is likely to have two pin positions. You can also pay attention to these two positions. If the pin entity does not break these two positions, it will go up. Pin position: 58467-55687.9. If the 1-hour entity does not fall below these two positions, it will go up. If it goes up, first see: 64483.2. As for whether it can go up, it depends on this wave of pins.

Why does the pin happen?

There are generally several causes of pins. It may be caused by market news or the bottoming behavior of the dealer. If we clean up our leek contracts, it will go up. These are all analyzed from a technical level. As for whether the dealer will follow the script we said, we pay attention to the market news.

(Warm reminder: If you don’t understand the market, try not to trade in altcoins)

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