10.15 Bitcoin Market Analysis BTC price slows down, is the bull market over?
#Meme浪潮持续，你看好哪一个？ #BTC突破6W6 #BTC突破6W6
Bitcoin's performance yesterday was particularly eye-catching, starting from $62,400 and soaring all the way to around $66,300, with an increase of nearly 4,000 points. This strong trend not only broke through the heavy pressure above, but also foreshadowed the recovery of the bulls. Friends who gave short orders around 65,000 yesterday can cover their positions and continue to hold. Wait for the market to pull back. From a technical point of view, Bitcoin's daily line has formed a double bottom upward trend, and the short-term pressure level is at the $66,500 level. If it can effectively break through and stand firm at this position, it is expected to rebound further to $68,000. At the same time, the rising pattern of consecutive positives on the 4-hour chart also shows that the market is in a trend of high-level fluctuations and upward testing. Therefore, investors should pay close attention to market trends. Personal operation suggestions: Bitcoin is short near 66500-66000, and the target is near 64500. At this time, you can pay attention to the support of this position. If it does not break 64500-64800, enter the market with long orders. The target is 66500.
Ethereum's breakthrough is also exciting. While many people are pessimistic about it, Ethereum has broken through the $2,600 mark at an astonishing speed. At present, its daily line is close to the pressure level of the weekly MA60 daily average line ($2,670). If it can effectively break through this position, it is expected to continue to rise and test the previous high price band of $2,700-2,730. From a short-term level, Ethereum's trend is relatively strong. Once it stands firm at the key resistance level, it is expected to move towards a higher target. In addition, it is worth noting that the recent rise in Bitcoin has had a significant driving effect on cryptocurrencies such as Ethereum. Therefore, in the subsequent market conditions, investors can still make arrangements around long positions and pay close attention to market dynamics. Ethereum operation suggestions: It is recommended to short at 2721-2690, defend at 2830, and target at 2630.
——The above article is written by Li Hong Trend. The article is only a personal opinion. The points of each platform are inconsistent. Click the avatar to connect with the author for real-time market conditions. The above analysis content only represents the author's personal opinion and does not constitute a specific operation. The article has a lag. If you operate based on this, you will be responsible for your own profits and losses. Investment is risky and you need to be cautious when entering the market.
