10.17 Technical difficulties, the market is absorbing funds and waiting for the next rainstorm

Bitcoin has reached the high point of the weekly line, and the overall downward trend is about to end. However, I think the pressure near 68500 is very large, and the probability of stepping back is relatively high. You can try to make a short order at this position. The goal is still to step back to 66000 to make a long order, and the limit is to step back to 64000.

ETF funds have recently poured into Bitcoin's strong rise. The market has reached a mid-level stage of a short-term bull. The so-called short-term bull is just a small fluctuation in the bull market in the fourth quarter. It has not reached the time of decline. When Bitcoin stagnates, it is the time when the cottage continues to fly. Don't panic, take it slowly and everything will come back.

Daily level market

 Daily level: The daily level market starts a new round of rising trend, but the rise is too fast and the upper pressure is stepped back. The daily level is looking for short positions, and the long-term is bullish. There is a trend level of pressure near 68500, and the bottom support is around 65400---64000.

4-hour level market

4-hour level: The 4-hour level rising trend begins to slowly repair into oscillation. The oscillation trend needs a long time to repair the market. There is a high probability that the oscillation needs to be adjusted downward for a period of time. The target is to step back and do more. The triangle is converging.

Intraday level analysis

The intraday market is not bad. Bitcoin is still in an upward trend. The large level has reached a relatively high position. The increase is a bit fast. The target will be around 68,500. There will be technical pressure on the target. There are two options for the time being. The first is that the market will fluctuate sideways at a high level here, and then test the pressure of 70,000 at night after the shock.

The second is to slowly pull back directly to around 66,000 and 64,000 to look at the bulls. The upper pressure is around 67,900.

The spot market has survived the most difficult time. Now is the season for harvesting or re-cultivating. I hope everyone will treat themselves well and make the two years of hard work worthwhile. #BNB涨至600 #灰度考虑新增35种加密资产