Morning thoughts on October 23rd:

It’s a new week again, can you eat meat this week?

Bitcoin ended the day yesterday. After two surges exceeding 30,000, the price began to enter a correction state. After falling to 29640, the price began to stabilize, fluctuating around 29700-29900, and broke through in the morning. The 30,000 mark is over. Regarding the morning, my personal suggestion is to first watch a wave of corrections, and then carry out a wave of low and long expectations.

From a technical structure point of view, at the 4-hour level, the Bollinger Bands still show an upward trend, but the opening is gradually narrowing. The currency price is currently running on the upper track of the Bollinger Bands. The overall trend is still in an upward channel. After each pull-up, the currency price The price will quickly retreat and enter a consolidation stage. It is currently in this state. Looking at the MACD, the short volume energy column has begun to increase in volume, and the three lines of the KDJ indicator have gone out of a parallel shape. In this volatile market, the upper pressure support is very solid, and overall Judging from the situation, the currency price did not fall below 29600 yesterday. The support level is getting higher every time. The currency price also frequently hits the 30,000 mark. This shows the strength of the bulls. There is still some room for release above, and the market trend is also strong. The correction is in progress. After the correction is completed, the currency price will probably rise again, so today's thinking is still bullish.

Monday Monroe operation suggestions:

BTC: Long orders enter near 29700-29800, target 30500-30600, defend 29400

(Responsible statement: The above opinions are for reference only! I hope Monroe's Silk Road can give you some help. Everything is subject to Shipan. Investment is risky, so be cautious when entering the market). #xrp #etf #geminiearn #BTC #ETH $BTC $ETH $BNB