2024.10.6 10:43 AM BTC Market Analysis
After the sharp drop at the beginning of this month, BTC is now consolidating at 61850. As the Asian market holiday is coming to an end, market volatility has become smaller, and we are preparing for a big one! Are you ready?
BTC Focus
Support 60300/59000/57300
Pressure is tentatively set at 64000
In this wave of market, when the market fell sharply at the end of the month and the beginning of the month, Brother Sao said that the bottom line of this wave of market is 60000-60300. If it breaks, it can directly declare the end of this wave of market. At this time, the market still has some suspense. It is currently consolidating at the key point of 61850. The main force's purpose of tempting the market to play long and short games and accumulate liquidity has become obvious!
The price at this moment wants to go straight to the sky, but the momentum is insufficient. However, if it can squat for a while, such as falling to around 59,000, and creating a new low, the liquidity will be plundered cleanly, and the main profit will be maximized; there is no rush to chase the rise for the time being. Today is the weekend, tomorrow is Monday, and next week is the focus. The market game will be more intense than this week!
Operation suggestion: If there is a rebound in this wave, it is recommended to stop profit at least 60% of the position, and the bottom position will protect the principal and loss! Long-term fixed investment is worry-free, and the mid-term fluctuation excess profit buying point has not appeared yet, so I haven’t started the mid-term layout of the spot this wave!
Conclusion: Regarding the dispute between A and Bread, I can only say that in the long run, these two sectors have the foundation for a bull market in the next year. Whether to start or not, how crazy it is, it must be the currency circle that is crazier, and A needs more patience and does not need frequent trading!
