[BTC Market Analysis] On the first day of October, the BTC market fluctuated again. Yesterday's big negative line showed that a large amount of funds flowed out, and the dealer completed the shipment near 66,000, which did not reach the high point of 68,000, and some retail investors left the market early.
Technically, the first support level of 64,000 has been broken, and it is expected to continue to decline. 62,000 as a key lifeline may stabilize the situation. The dealer has been laying out for a long time, and the deep exploration will extend the layout time, which is not conducive to the rapid recovery of the market. In addition, the recent strength of A-shares has attracted capital diversion, and capital has returned after the interest rate cut. The currency market needs to retain funds, and the strategy may be to continue to pull up and attract profit-seeking funds.
It is worth noting that the funds of the middle class and large households who went to the United States to seek high interest rates in the early stage were relatively rational, and more policy benefits were needed to attract their return. Monthly line observation, after the big positive line last month, funds entered the 52,000-58,000 range late, and the real main funds were already laid out in the 15,000-30,000 range.
In the short term, the market has not seen a signal to stop falling, and the short-term K-line lacks clear signs of reversal. It is predicted that the correction may find support near 61720, and after returning to 62000, this round of correction may come to an end. The current market sentiment has not reached the freezing point, most retail investors are still profitable, and the correction has not yet ended.
Investors are advised to remain patient and wait for a better entry time. Once on the train, the bull market may accelerate in the next few months. Be sure to seize the opportunity, and at the same time be alert to the timely exit signal to ensure that the profits are in the bag. Remember, making money is a continuous process, and timely action is the key.
