October 5, Saturday, Bitcoin late trading analysis!
From the one-hour technical structure chart, the price channel fluctuated downward and broke, and the lower channel showed signs of opening, but due to the slow rhythm, the callback was also accompanied by repair, and the long and short volume conversion was frequent. The oscillating downward pattern was already obvious. For the next short-term thinking, we can just keep rebounding and shorting.
From the four-hour technical structure chart, the overall trend is still in a volatile downward trend. In the short term, a step-by-step decline has been constructed. It has now fallen directly from the middle track to the lower track. At present, there is no pattern of stopping the decline. Although it has encountered support, this kind of slow decline has not rebounded quickly when it encounters support, which means that the support at this position is not strong, so it is still enough to keep the idea of rebounding high!
Personal operation suggestion for Bitcoin: short near 62700, target 62000-61700. Breakthrough continues to look down!
Personal operation suggestion for Ethereum: short near 2460, target 2410-2380. #非农人数大幅升温 #HBO纪录片或揭示中本聪身份 #灰度拟推出AAVE信托基金 #美SEC对Ripple案裁决提出上诉 #Bitwise申请XRPETF $BTC $ETH
