Analysis of the Bitcoin Market on Tuesday Night, October 12!

Bitcoin is currently in a phase of oscillation and rebound. Observing the four-hour chart, the structural divergence phenomenon is gradually slowing down and becoming more stable. Currently, the price of Bitcoin is around 97,800, positioned in a continuation triangle. Our orange strategy successfully achieved a rebound in the evening, with Bitcoin gaining over 1,100 points, and the altcoin also gained over 40 points!

As of now, the rebound strength of Bitcoin is continuing. However, when deciding whether to open a short position, careful consideration is needed. It is usually not advisable to easily intervene at the middle position, as there are frequent spikes and severe washouts. Therefore, it is recommended to enter a short position when the price touches the 99,000 area, as this is relatively safer.

If the price can successfully break through this area and continue to rise, then a plan to increase positions can be made at the 100,000 mark. If the price encounters resistance around 99,000 and shows a pullback, then this will be a significant opportunity to open a short position. #币安ME开盘 #微软比特币投资投票案 #加密市场回调 $BTC $ETH