TG has posted this this morning:
BTC’s current rebound on Friday is a downward relay in a downward trend. Although there are opportunities for low-long positions, they are only short-term long positions. If there is a hedge, the low-long positions should be closed in batches near the high-altitude access point.
Israel may strike back against Iran next week, and the conflict between Israel and Iran may escalate. In addition, the expectation of a sharp interest rate cut in November has cooled down. Under the influence of two negative factors, BTC’s rise is difficult to continue. 65,000 is the biggest hurdle in the fourth quarter.
In the short term, BTC’s resistance is in the 62,350-63,200 area, and the support is 61,600-60,000. The 6w mark has been broken twice, and the next time it breaks, it may drop to 5.8w. Short-term contracts are always dominated by high altitudes.