【Today's Market Analysis - BTC - 10.17】

Only for technical analysis learning, not as investment opening advice. Profits and losses are your own responsibility.

1. Daily: In a bullish trend, currently around 683 is a resistance level. The price has temporarily failed to break through the 683~69 range today. The pullback range is at 665~671. However, the overall price will oscillate around 67X; currently, the overall rise lacks liquidity. Although the intraday rise is good, we still need to be wary of a major pullback during the week. The major pullback position is around 65, and the extremely extreme position is 616; of course, this is not a bearish outlook, nor is it suggesting you short now. Just a reminder to watch out for black swan events; don't let the profits from several days go away in one wave.

2. 4H: Bullish momentum is getting stronger, and the high point is starting to consolidate. Once the momentum gradually declines, there will be a pullback. The current suggestion remains to buy on the pullback.

3. 15Min: A large bearish candle appeared at 9:30 last night, with high trading volume. But the price was quickly pulled back up. This also indicates that the current buyers are relatively strong, but the increased trading volume of the bearish candle also suggests that the operator has sold some goods at a high level. Although it is a bullish trend, be cautious, cautious, and cautious.

Intraday trading thought: Do not short, buy on pullbacks, pay attention to negative market news, if major negative news appears and a large bearish candle starts to form, you can short.