October 24 Market Analysis
The pullback is likely not over yet.
The Bitcoin yesterday formed a daily candle with a long lower shadow, mainly because it first touched the daily life line (64770) below, which may not hold. The key focus is on the structure at the four-hour mark around 67050, with important support below at around 60000~61000.
The altcoin has already broken below the daily life line, meaning that currently, everything from the hourly chart to the weekly chart is in a bearish direction. During the rebound, pay attention to resistance at the two levels of 2541 and 2610.
