10.30 Wednesday Afternoon Operating Thoughts

Starting from the 60k fake breakout, it was suggested that we are in a bull tail market, and we have been bullish since 59000. Last night, I pondered why we ultimately lost to the short positions. A follower pointed out succinctly that I mistakenly thought it was okay to use profit to cover losses, but the profits are actually mine already. I shouldn't have this mindset of playing with what I've earned, as it can easily lead to losing oneself.

Now, regarding my view on the market today, last night Bitcoin peaked at 73660, just 100 points away from the historical high of 73777. So why didn't it break through? If it does break through, it might bring certain risks for the upcoming elections. Therefore, I personally believe that not breaking through leaves expectations for the upcoming elections. In the current market situation, I still maintain an upward momentum.

Testing the previous high resistance before the elections indicates that there is still some selling pressure above. However, there hasn’t been a significant drop. What we need to pay attention to is the current state, which is characterized by a steady decline. Therefore, I personally suggest looking for a low support level around 71000-71500, ultimately still aiming for an upward breakout.

Operating suggestion: Short around 72800, target 71500. If it breaks below 71000, continue to look down to 70000. If it doesn't break for a long time, directly reverse to a long position! #BinanceBlockchainWeek #比特币布林带收窄至低水平 #你问我答 #BTC☀ #BTC突破7万大关