Hello everyone, today is October 4, 2024. After Bitcoin made the video yesterday, it fell below 60,000 twice, reaching a low of 59,840, but it recovered immediately and did not fall below 60,000. Since this morning, it has risen back to 61,200. So is this round of Bitcoin's correction over, or is it just a dead cat bounce? Next, let us look at the latest views and analysis of various bloggers.

First, let's look at the chart champion Daniel

He said in the live broadcast yesterday afternoon that the current important support level of Bitcoin is 60,000, which is a psychological support level. There is buying in the market near this level. Daniel believes that this level may be broken. 59,377 is calculated from the overall low point on August 5. Anchored by VWAP, this level is regarded as an important support. From Bitcoin at 62,500, this is a key resistance level. If the price breaks through this level, it may change market sentiment. 65,000 If Bitcoin can stand above this level again, it may trigger further upward movement. For short selling, Daniel is bearish on the current market and recommends a short strategy when the price approaches resistance, especially when the price pulls back. At 62,500 and 60,000, you need to be cautious when going long. Although there may be a rebound in some short term, Daniel believes that the current market structure is weak and it is not recommended to actively go long. The current market structure of Bitcoin shows weakness. Daniel expects prices to fall further, with the target of 47,000, which is regarded as a larger support area. Market fluctuations may be affected by the overall stock market. Daniel believes that Bitcoin may perform relatively weakly in this environment, so at one o'clock this morning, he went on to say that I personally did not go long, so it's nothing, because to me, this time 60,000 is more like a bull trap. The biggest resistance level above Bitcoin is at 62,500. Okay, Daniel's point of view is equivalent to his bearish view on the overall trend. He believes that Bitcoin is currently very weak and will follow the U.S. stock market. If the U.S. stock market continues to be weak, Bitcoin will be weaker. If it rebounds, the upper resistance level will be 62,500, which is the bullish level of our community indicator chart. Look at the lower dividing line. The corresponding price is now 62,180. You can refer to Daniel's point of view

Let's take a look at Bitcoin Peak

At 8:30 yesterday morning, Feng Ge gave a short order of 61,000 bitcoins with a stop loss of 62,500. Then, he sold it at the cost price at 10 o'clock and waited. Then, he gave another short order of 61,500-61,700 bitcoins with a stop loss of 62,500 and a take profit of 59,000. This short order is equivalent to not being opened. Then at 10 o'clock last night, he gave another long order of 60,600 bitcoins with a stop loss of 59,600. Then at 9:30 this morning, he continued to analyze that Bitcoin is trying to establish short-term support, and it is recommended to wait for a pullback for short selling. At present, the rebound is good. This style of explosive orders and views is equivalent to his current profit of 500 points for this long order. He is bullish on the next trend of Bitcoin. The upper EMA55 is at 61,314. You can refer to his views.

Next, let’s take a look at Boyang

In the analysis at 6 o'clock last night, we fell back again, did not break the high, did not change the bad high, kept the low unchanged, and the overall low performed well. For me, VWP is the key now, and the area around 60,800 is also the key. You can look for shorts there. If it is recovered there, I will look for long opportunities there. Then at 9:30 last night, I continued, beautiful SLP and good reaction, I will look for it here, long retracement, waiting for the New York opening, I am long The stop loss is below the low, the target is the daily high, although it is a bit aggressive, but I hedged the short, so it's worth a try, it looks like this, that is, let everyone open a long at 60,200, stop loss at 59,817, and the final stop win position is 61,462. Boyang's stop loss is really extreme, every time it's just a few dozen points, then at 10 o'clock last night, he showed off the profit of this order, it went up. 500 points, then he said I stopped loss on entry, either we make a new daily high, or I stopped loss on entry, stopped entry, wait for the ES of the lower trading moving average, I will not short or long until we break out of today's range, and then continued the analysis at 2:30 this morning, this is my first new long position opened on VWP, this may be the time for us to break out of this small range. Having said that, there is no trading here, but if you trade in the Asian opening, you can go long here, the target is a new daily high, because the high here is still very low. Having said so much, today's trading is very volatile. I spent most of my time on ES, and only one long order was stopped out on entry. Boyang's point of view is equivalent to that his long order is too extreme, and the dog dealer just blew him up, and continued to pull up. He asked everyone to open a long order at 2 a.m. You can pay attention to his strategy

Next, let's look at Arthur.

He said at 6:30 this morning that the ETH game plan is still focusing on this. We have tapped into the daily demand, but Bitcoin has the same untapped demand, so it will not converge with it. The only way I am willing to enter the market is above 2,372. Recently, a lower Ms ratio signal has appeared. We will look for local order opportunities. Good Arthur believes that if Ethereum opens long, it must stand above 2,370, and the one-hour line must be closed. If it can stand firm, the target is 2,499. Then analyze it. The following is the same demand on Bitcoin. I will not go long on any other currency unless it moves to the local MSB like the ETH we mentioned above. It is equivalent to Arthur also drawing a normal range, but he believes that Bitcoin will first break through, touch 59,170, and then rebound. In today's analysis at 9:30 this morning, Bitcoin's low point at the opening was very low, so this may be a good time to short, so this may be your current short move. I don't like trading in the range, so we have to keep it stable when we reach the bottom of the range. Okay, this is Arthur's point of view. Arthur said that he doesn't like to trade in the range. Shouldn't his order flow be traded within the range? He believes that Bitcoin 60,000 will still break, and we will see the beginning of 5. Bitcoin can be taken at any time. You can refer to his point of view

Next, let's look at Migo.

Yesterday he said that he was optimistic about ETH in the short term. There are two reasons. The exchange rate is very slow and there is a need for a rebound. The other is that it has not been too much, and it needs another wave of more to go down. That is, Mi Ge believes that Ethereum will rise by 3,000 and then fall again. All the analysis of today at 4:30 last night, 88 bought back half of the PP shipped at 105. Bitcoin showed a 519 pattern in one hour and is about to hit the daily high. Those who are not optimistic are all big idiots. Today, a few ideas, Bitcoin may usher in the ultimate big crash. I have seen the primitive pattern many times. It is a topping pattern. This wave of false breakthrough of 65,000 horizontal points. At the small level, there is a chance of a two-week shock market, which will fluctuate between 60,000 and 65,000. After the shock, an important logical point for washing the plate is that the shock in the past six months has been weak, and it has been suppressed by the previous bull market high. 69,000 has not been passed, so in 2 Before the 5-year bull market comes, I see a big wash-out. I'm going to get 60,000. When the bull market comes, if there is a pullback, I will definitely search for 60,000 and wait for a lower price to buy all the bottoms. I continued to analyze Bitcoin at 9 o'clock this morning and waited patiently for the daily level to be repaired. After the repair is completed, it will continue to fall. At 60,000, the whole network will look at 70,000, and at 60,000, the whole network will look at 50,000. It all depends on the mentality. Now I have ETH spot, PPE spot Alt spot, and no positions have been entered. For Bitcoin long orders, I have the top position at 61,600 yuan, and I still have 59,50058,000 hanging. If I receive it, I will receive it. If I can't receive it, it doesn't matter. Don't go all in at one point. I'm bullish here. This is Brother Mi's point of view. In contrast, he believes that both Ethereum and Bitcoin will rebound. One wave of Ethereum will see 3,000 Bitcoin, then look at 66,000. After standing above 66,000, we will continue to look at 70,000. You can also refer to Brother Mi's point of view.

Let’s take a look at blockchain sniper Vivi

At 5 o'clock this morning, the LTF update provided to traders is as follows. The next short position is 58,000-59,000, and the final entry position is 61,200-61,500. VIVI believes that the best short position for Bitcoin today is between 61,200 and 61,500. He believes that Bitcoin will continue to fluctuate like this, but the general trend is still downward. There will be a wave of pull-ups before the big drop. You can refer to his views.

Today's greed index is 42, which is still neutral. Overall, the trend is definitely still bearish. The 61,500 position is very stressful. If it can stand firm, we can see a wave of rise. If it can't stand firm, we should prepare for a bigger drop, right? If so many people open short positions directly, the dealer will lose money. Do you understand, my friends? When it reaches 66,000, let's look at 70,000, and then we will shout that the bull market is coming, right? Well, today's content analysis ends here