$BTC shared the current market analysis.

Weekly:

Last week, the volume of the negative line with a lower shadow was closed, indicating that there is a certain support below. It reached the middle track support level of 62700. The K-line pattern is bearish, so it tends to fluctuate and adjust. As long as the market can gradually stabilize above 60000, there will be momentum to continue to impact the upper 67500-69500 ​​heavy pressure zone.

Daily:

After the adjustment market broke through the important support level of 62700, the cross line was closed on October 2 to form a cross pregnancy line, which is a signal of stopping the decline and reversing. At present, the volume has rebounded to the important pressure level of 62700. There is no obvious stagflation signal at present, but the volume has shrunk significantly, and it is more inclined to continue to fluctuate. The situation of low trading volume on weekends cannot be ruled out. Therefore, observe the details of the subsequent volume of the K-line this week. This is the bottoming of the intraday market. Observe whether the subsequent volume is strengthened to confirm whether it can break through and stabilize the important pressure level in the future.

Summary:

The weekly level belongs to the transition from the end of the early bull market to the mid-term bull market. It is currently running in a slightly downward sloping parallel channel, closing a bearish pattern, but the volume shrinks and brings a long lower shadow, so the bearish trend is weakened, and it is more inclined to fluctuate and adjust. As long as it stands above 60,000, it is basically healthy.

The recent trend direction of the daily level is upward. After stepping back on the important support level, a stop-loss signal appears. It is currently in the process of rebounding, but the volume is not strong enough, so it is more inclined to fluctuate and consolidate. The consolidation range is likely to be 60,500-62,700. If the subsequent market stabilizes the support range of 62,700, it can impact a higher pressure level.

Now the important pressure range of the big cake is in the range of 67,500-69,500, so it needs to fluctuate to consume the upper chips. According to the bottoming out on August 5, it has been fluctuating and consolidating for nearly 2 months, and most of the cottages are about the same time period, so it won’t take long for the wash to end, and you can look forward to the next market.