Hello everyone, today is October 2, 2024. Yesterday we said that Bitcoin might rebound to 64,800 when London opened, but the highest price only reached 64,150, and then it kept correcting and fell below the key support level of 62,500. This morning, the lowest price was around 60,200, which is lower than our expected range, indicating that Bitcoin is currently in a correction stage. So where is the bottom of the correction? Where are the latest support and resistance levels? Without further ado, let us take a look at the latest views and analysis of various bloggers.
First, let's look at the chart. Champion Danier said yesterday afternoon that Bitcoin's current support level is 62,500. If it falls below, it may trigger a larger decline. 63,000 maintains a higher low and important support. If the price remains above it, it will be conducive to further increases. 64,000 is a key resistance level. If it can be successfully broken, it may push the price upward. The resistance is at 64,600, which is a short-term resistance and needs to be paid attention to. 67,000 is an important psychological resistance level. After breaking through, it may continue to rise. In the short term, if the price approaches 67,000, look for short opportunities, especially when there is a strong rebound. Currently, long positions can be held. The first target of the rebound is to approach the control center level. In the long run, look for entry opportunities around 62,500. If the market structure remains supportive, you can consider going long, but if the price falls below 62,500, you need to re-evaluate the market trend. If you are bullish, the current market structure shows a positive rebound. Daniel expects the price to rebound around $64,000 and move towards 67,000. If the price falls below the key support level, it may trigger a bigger decline, so it is necessary to remain vigilant. When trading Bitcoin, it is very important to pay attention to the key support and resistance levels, adjust the strategy according to market dynamics, and patiently wait for high-probability trading opportunities. The current market sentiment is relatively optimistic. Daniel remains cautiously optimistic about the future price trend and emphasizes the importance of making trading decisions at key levels. He then gave a long order of 63,000, with a loss of only 62,400, and then arrived at TB at 5 pm yesterday. Then this morning, he went on to say that he had just arrived home and saw that the price had risen all the way to the local CC and avwap. Due to the great resistance, the price peaked here. This is why I mentioned the importance of resistance in the live broadcast in the morning. As I just said, without support and highs, it will be more pessimistic. This is the view of the champion Daniel in the chart. Compared with yesterday daytime, the result is still good. Daniel also continues to be bullish, but at night, the trend changed and fell below 62,500 and then fell another 2,000 points. You can refer to Daniel's point of view
Next, let's take a look at Bitcoin Brother Feng. At 4 pm yesterday, he gave a short-selling suggestion for Bitcoin. The current price is around 64,000, the stop loss is 65,500, and the take profit is 61,000. Then he took profit in advance at 4:30 last night. Congratulations, everyone. Shorting is a kind of practice, which is equivalent to this Danfeng brother only taking 1,500 points. Then at 8:30 this morning, he gave another short-selling suggestion for Bitcoin. The current price is 61,130, the stop loss is 60,130, and the take profit is 62,370. The current market is still based on shorting. Mainly short, but I think we need to wait for a rebound before going long. The intensified decline in the past two days will become the fuse of the next downward trend. The stronger the driving force in the early stage, the more difficult it will be to reverse in the later stage. However, there are certain risks in short-term long positions based on rebounds, so it is also okay to participate in liquidation or not. Well, this is Fengge's explosive order. The friends in the group joked that if they go long, look at WWG, and if they go short, look at Fengge. Fengge believes that there may be a small rebound at present, but the trend is still in a downward trend, and he is going to open a short order at a high point.
Next, let's take a look at blockchain sniper vivi. He said at 8:30 last night that as mentioned earlier, we expect altcoins to rise by 10% today. I will release long orders when the New York market opens. Only shorting Bitcoin is safe, while other currencies are not safe. We will open the next set of short trades on Thursday. Then at 9:30 pm, he showed off his short profit, and then he closed his short Bitcoin order at 11 pm, preparing to open another short order at 65,000-67,000. Then today's analysis shows that due to slight deviations in the LTF chart that rose in the morning, the following is an updated chart of Bitcoin. We will close today's longs at a price that is lower than the initial target. Then today's analysis at one o'clock this morning shows that as long as Bitcoin remains above 61,000 and the four-hour closing price is not lower than 61,000, the next step is to move up. Due to the war situation, 60,500 is a critical point. If the one-hour closing price is lower than it, it is best to bear the loss. I don't see any buy orders below 60,600. In the short term, I don't think it will fall below 60,000 to 61,000. As long as it stays above 61,000 in the second half of the year, the next step is a surge, which is very likely. The bottom in October will also confirm this. However, when it re-touch the support level of 62,600, it will fall back to 60,600-60,800, so the altcoin may fall a little more. I will update the chart of each section. Depending on the risk appetite, either reduce holdings at break-even or cut at the average level, and then analyze it at 5 o'clock this morning. On the order wall, there are a lot of new shorts at 61,300-62,000. There are not enough long positions to break this price at present. The one-hour closing price has not yet fallen below 60,500, but if there are no new long positions in the next hour, then the level cannot withstand the orders at 61,500. If 61,500 is rejected, the next long position The range is 55,000-58,000. If Bitcoin recaptures 61,500, the script on this chart will be staged. As long as Bitcoin remains in the green box, the chart will look like this, which is equivalent to Bitcoin rising to 62,000, pulling back, touching 61,000, and then continuing to rise. After touching 64,000, it will fall to 57,000. Then, after the Asian market closed this morning, we will continue to analyze and follow up. The daily line closed at 60,500, but there is no strength at present. We are still holding, just because there is no one-hour selling price below 60,500. There are 20 million orders at 60,600 and 100 million shorts at 61,500. Unless we see new orders, it will be difficult to break through 61,500-62,000. ETH is 2,511. I will update within an hour until we make a profit or a loss. Then at 9 o'clock this morning, he said that Bitcoin is still strong and is currently in a POC position. It has not disappeared and there is still no strength, so there may still be accidents before we recapture 61,500. Ethereum shows strength, so the confluence point of this rebound, Bitcoin still has not shown strength, and it still maintains a small rebound, looking at 62,500-62,800. For the 100 million orders at 61,500, we have about 80 million new orders, so so far, the chart is still normal, but as you can see, there are 100 million short orders from 62,800 to 63,200, instead of the 64,000 we originally planned. We must exit the long position at BBR. Our three longs are either in the B1 position, or we will have a small loss. The point of view of blockchain vivi is equivalent to that the rebound can no longer be opened now. The target of 64,000 is 62,800-63,20061,500. This position is very critical. 100 million volumes are opened here. You can refer to vivi's point of view
Next, let's take a look at Brother Mi. He said at 10 am yesterday that if Bitcoin breaks through any point, don't rebound or go long easily. You can consider going long after this wave reaches 57,000-58,000, but you have to wait for a good pattern to emerge before considering it. ETH short-term market forecast, double head and shoulders top correction, target 2,380, then rise to above 3,000. I still have some ETH spot, so I'll hold it, and I'll cover it in the next game. After looking around, the operation method is actually very simple, just wait for me to shout the last chance to wash rice. At 4:30 pm yesterday, he said it was the fourth quarter, and something big was going to happen. What was it? I don't need to say more, the last chance to escape, I got 20,000 eign, sell it or keep it, and then after the plunge last night, he said he hoped you would listen and follow the deduction 1 Thatâs why he said yesterday at 10am that we canât buy the bottom at this position, Bitcoin will continue to plummet. Then at 11:30 last night, he asked everyone to place an order at 61,450 to short Bitcoin. In these three hours, someone sold 12,000 Bitcoins on BN. They knew something. Pay attention, the news may rebound in the short term. You can close the short order at around 62,500 and wait for a rebound. Around 64,000, he ran away at 62,700 and went to sleep. It was Mi Ge who closed the short order at 64,890 after the decline last night and earned 2,100 points. He thought that the dog dealer would give him another chance to go high, so after getting up at 8 o'clock this morning, he continued to say that BTC collapsed and encryption was over. It collapsed after he ran away, but this is not the bottom, and the rebound here will not reach a new high. So it is not a big problem to wait and see and wait for the market to give an opportunity. He lost 3,000 points and missed 1,500 points. He will never win just by winning. In short, the position of 60,900 can continue to collapse without rebounding, or it can suddenly rebound violently because of the four-corner death cross. , and then continue to fall, and these two possibilities are basically 50% bets, so if you donât have a position here, just donât touch it. There are no good signals in waiting and watching. The 3-day line has reached the support, and the daily line is suspended. There is no clear signal. If it reaches 58,000 here, you can take back all the spots, or rebound to 64,000-64,500 to continue shorting. He received likes, and then he posted the order he asked everyone to open a short on the 27th. Okay, this is Brother Miâs point of view. He believes that the current position has a 50% possibility of going up or down, but it canât go higher. Open short at 64,000-64,500 and go long at 58,000. You can refer to Brother Miâs point of view.
Today's fear index is 42, which is neutral. If it is 3 points higher, it will be fearful.
We haven't been happy for two days, right?
The dog farm is too bad
Overall current location
It would be unwise to go short before tonight.
This wave of tentative rebound is indeed the same as Vivi said
There is huge resistance at 61,500
If it breaks through, we will see 62,800-63,200
Anyway, the highest is only 64,000
The overall upward trend has been broken.
In a correction phase
The impact of 114,000 will have to wait until consolidation
Brother Feng is also good
Migo
They all want to find a short-selling opportunity at a high point.
Guys, please pay attention to their signals.
Well, today's content analysis ends here
It's not easy to make, please pay attention to me
