10.28 Time is in place, the market is slowly wearing down, waiting for news to come out. This week, the market will experience unusual fluctuations, and the probability of bulls and bears calling each other fools is very high. It is recommended to wait slowly at this position. Spot can be bought gradually to wait for the next round of rise; the moment for the rally is expected to be approaching.
After the last dip this morning, the bottom has basically appeared. After stabilizing the market today, it is highly likely that the market will return by Wednesday. However, after today's rise, it is not recommended to continue pushing up. The logic for a major bull market has not arrived yet; the suggestion is to wait. The hourly chart has a certain demand for pullbacks, and the rest is to wait for the pullback this evening and then act according to the news.
BTC Daily - 4-Hour Level Market Analysis
The overall decline has already reached a point, and the price is close to an expected value. However, for the daily pullback timing, there is still a long way to go. The rebound at the 4-hour level seems to be in place. For now, the goal is for Bitcoin to rise again. Bitcoin has temporarily broken the bottom demand, and around 66000 can be considered as the bottom. The upper pressure position is around the pullback of 68500 and the pullback of 69500. At a larger level, only pressure positions remain; there is no need to rush for now. Watch the reaction at the pressure position of 66700.
BTC Intra-day Level Analysis
The intra-day Bitcoin market has a certain pullback demand after rising again, with the pullback target around the recent pressure near the bottom of 67800. Next, the target is around 67300 to observe fluctuations. Overall, the trend is still upward. Watch if the hourly chart turns into a consolidation trend after encountering pressure, or if it starts to decline again, with the target waiting for tonight's non-farm data.
The weekend is not expected to have a large market; it is mainly for resting. The spot market has endured the hardest times; now is the season for harvesting or re-cultivating. I hope everyone takes good care of themselves, not wasting two years of hard work. @币安中文社区 #比特币布林带收窄至低水平