2024.9.21 11:11 AM BTC Market Analysis
This night, 1.1 billion CNY was wiped out, 56,404 people went bankrupt, and the early morning of Friday was as volatile as usual, with many liquidations and strong plunder! Last night's trend showed a bottoming trend, and the retracement confirmed the support level below. It is still consolidating above 61,850, and it is still a bullish trend!
BTC Focus
Support 61,850-62,150/60,500/59,500
Pressure 64,000/65,000
The weekend has entered a low liquidity period, and a new high is unlikely. However, the retracement to the bottom can still be low and long this weekend, and the rebound can also be short. It is a high-level consolidation of long and short positions. Both long and short positions have the opportunity to stop profit. There is nothing wrong with spot profit-taking in batches;
The volatility on the weekend is large in the evening and early morning of Sunday. Pay attention to the weekend. Don't carry orders, or consider shorting one hand and squatting in the early morning of Sunday to rush high!
The key points of BTC at the weekend are 63500-63800/61850-62150. You can see if there are any opportunities for short-term gains!
