2024.10.8 8:59 AM BTC Market Analysis
This weekend, BTC consolidated first and then pulled up. Small cottages were full of explosive power. They often pulled up 40 to 50 points or even doubled on the same day. This trend was more obvious at the end of last month and the beginning of this month. The overall market opened and closed, and the rhythm was very fast. If you want to play with the pattern, you will definitely be taught a lesson. The resistance level given at the weekend was 64,500, and the highest rebound was 64,448. The support level was 61,850-62,000, and the lowest was 62,091. The space given on Sunday was larger. This is also an old idea. From the midday trading on Sunday to the close of the next day, the volatility will increase, which will accelerate the harvest of long and short liquidity. This is an old idea that has never changed!
BTC attention
Support 60300/59150/58000
Pressure is tentatively set at 64500
The key point at this moment is definitely around 61850. Pay attention to the gains and losses of this very critical point. After the bottom is explored during the day, there will still be a demand for a pullback in the evening. It depends on how the bottom exploration continues during the day? Ups and downs are normal, and bursts and smashes are deleveraging. There are opportunities for both long and short positions. Risks and returns are proportional. While pursuing returns, remember to run 80%. It will never be wrong to put safety first! Profits should be made and losses should be made. Don't be greedy!
