2024.10.5 8:08 AM BTC Today's Thoughts and Position Analysis
Last night, the thoughts were that BTC has a need to touch the top within 24 hours, and the demand for a 15-minute rebound is strong. Short sellers should hurry to exit at 60800/61000. At this moment, BTC is above 61850. This is a test of the upper track. The highest is 62457, which is about $100 higher than the high point of the previous few days. At this moment, the 61850-62000 mark is a key point!
BTC Focus
Support 60800/60000/59500
Pressure is temporarily set at 63000-63500
At this moment, focus on the gains and losses of 61850. This weekend, the 61850 line will be maintained for consolidation. As long as there is no large-scale decline, there will be a wave of momentum to continue to rise in the medium and short term. Whether it can change the strong trend in the medium and short term depends on the tenacity of the market this weekend and Monday!
There is a drop below 61850 at the weekend, and you can still focus on low-long. If the rebound is short, it will not be considered if it is less than 63000-63500. If you are low-long, the deeper the drop, the better. For example, if it is below 60500, the profit and loss ratio will be very high!
Operation: The old ideas remain unchanged, don't be careless!