#BTC突破7万大关

On October 28, Bitcoin BTC/ETH market trend analysis, the second trend change is about to occur, and this golden cross signal must be mastered in advance! #BTC冲7万美元

Morning Review: Bitcoin is operating steadily, and the second trend change is about to happen; this golden cross signal must be mastered in advance!

Let’s first look at the weekly K-line. In previous articles, Shepherd has repeatedly pointed out that as long as the big coin does not break below two key levels, we should not look at or trade, and Bitcoin's operation remains good. Today is Monday, and the weekly K-line has closed. We can see that the weekly K-line closed above the channel track and is above last week’s operational price, indicating that the upward trend has not changed, and momentum has not weakened! Some fluctuations last week are very normal. This round of Bitcoin has risen from around 16,000, and the entire market has shown very strong performance. Every pullback along the way has been a good buying opportunity. Currently, the adjustment time on the weekly K-line is almost up. From historical patterns, it has adjusted for about 230 days. As long as Bitcoin operates above this adjustment channel, there is no need to worry too much!

Currently, the MACD on the weekly K-line of the larger cycle is forming a golden cross near the zero axis. We can look back; every time Bitcoin forms a golden cross in the larger cycle, there is a significant rise afterward.

If Bitcoin continues to rise to over 100,000 by the end of the year and starts a bull market, this aligns with our expectations, which is a very good outlook. If Bitcoin rises to 70,000 and then pulls back, it indicates that the conditions for the bull market to start are still not complete! Currently, Shepherd maintains an optimistic outlook and continues to be bullish on the market!

In the market analysis from October 26, I have provided a key level, advising everyone to place orders well. Last night, it went up about 1300 points. If you have read and understood Shepherd's content, I believe your thinking must be very clear! And you have made the right decision!

Today's Bitcoin: Support at 67,100, daily resistance at 68,280! Focus on low buying!

ETH: Currently operating above the bottom of the fluctuating triangle area, the key level here is 2500, stabilize before entering on the thick right side!