10.21 Mainstream Currency Analysis and Strategies
Preface: When you stop, don’t forget that others are still running.
Market review: Yesterday's market was really exciting. Bitcoin surged from 28600 in the morning to 30200, then started to pull back to 29300 (0.5), and rebounded. So far, the price of Bitcoin fluctuates around 29600. The daily increase exceeded 1000 points, which is really interesting.
Market analysis: From the daily line, the K-line closed with a long positive line, and the volume is also steadily increasing. This is a very good long-term arrangement structure. It is currently showing a three-stage rise and a three-stage equidistant rise. If the wave-like rise continues in the future, the callback cannot fall below 27,500. And the subsidiary indicator bulls are also above the zero axis with a golden cross and large volume.
Judging from the hourly line, the ascending triangle of the small-level cycle has completed the breakthrough, the subsidiary indicator has turned downward after a death cross, and positions have also been declining significantly (it is impossible to make an accurate judgment on weekends). CVD has also shown signs of turning.
Summary: At present, the morning rebound is likely to hit the shorts, and there is a high probability that there will be a volatile downward trend over the weekend.
BTC intraday advice: mainly short, it is best to build a position above 29560, and control the stop loss and take profit by yourself at the weekend. (For specific operations, please consult Qi Ling)
The above analysis is for reference only and does not constitute investment advice.
$BTC $ETH $BNB #xrp #etf #geminiearn #bnbgreenfield #ftx
