Hello everyone, today is October 7, 2024. The trend on Sunday is the same as VIVI said. It has risen above 62,500 in one hour, and then this morning it rose to around 64,000, which is similar to our prediction, but it still has not reached the 65,000 level. Will Bitcoin continue to rise, or will it stop here and then fall back? Next, let's take a look at the latest views and analysis of various bloggers.
First, letâs look at the
Ti Da said at 10:30 last night that the main area was in a triangle consolidation and then broke upward. It was equivalent to Bitcoin breaking through this oscillating triangle at 10 o'clock last night, and the direction was upward. You can open a long order near 62,200. The current profit is 1,600 points. Ti Da's reminder is quite timely. You can refer to his point of view.
Next, let's look at Arthur.
His hemisphere said NEI R O at 9 o'clock this morning. I saw this chart. I'm not sure what it is, but I like this range. MS will look for opportunities to do it above. The results after a day of rest in the crypto market are good. This is Arthur's point of view. When I told you about this coin on Saturday, the price was 1.05. This morning, it rose to 1.5, a 40% increase in a few days. It's amazing. There is also ETH. Arthur also asked everyone to take more. You can refer to Arthur's point of view.
Next, letâs take a look at Cheng Ge.
The day before yesterday, he let Bitcoin go long at 61,800, and then moved the stop loss up to near the cost for cost protection. Then at 9 am yesterday, it triggered the breakeven, and then he gave another long plan for Bitcoin at 62,000. The real-time price is 62,000, and the stop loss is 61,50062,300. After the breakthrough, it continued to rise to 64,000. All the stop-profit orders were exited early this morning. The real-time price of Bitcoin is 62,900. Before the rise at 8 o'clock this morning, he gave another long order at 62,700, with the real-time price at 62,750 and the stop loss expected to be 62,000. Then he stopped winning 40 minutes later. The real-time price of Bitcoin is 63,600. The next resistance level is 64,000. Cheng Ge's explosive order is equivalent to the increase from 62,000 to 64,000, which he got. It's very good. He closed the long order before going to bed last night, and took it back immediately before going on the market this morning. He believes that the next resistance level of Bitcoin is 63,940. You can refer to Cheng Ge's explosive order.
Next, letâs take a look at blockchain sniper vivi
He talked about the latest situation of LTF at 9 o'clock this morning. We hope to short Bitcoin when it falls below 60,500, but this did not happen. We initially expected Bitcoin to be rejected at 61,925. If Bitcoin BPR fails, it will flip to bullish, but BPR has not yet failed. The short order at 64,000 still exists. Since the 4-hour closing price is above 62,500, we confirm the bullishness. Bitcoin will be supported at 61,000 and 61,500, not 58,000, which is a good place to go long. Well, this is Vivi's point of view. Compared with the four-hour line, it did receive above 62,500, so there is nothing wrong with being bullish, but now BBR has not failed. Vivi's short order plan of 64,000 still exists. You can refer to its point of view
Next, let's look at Migo.
After getting up this morning, he said it was so funny. He found out that the group members were so busy winning that they all wanted to have children for him. A while ago, he bought the bottom at 53,000, and shorted at 65,000. He went all-in at 60,000. It was really busy. PEPE was busy, Alt was busy, and BTC was busy. Important news: 63,800 won all contracts. Bitcoin rose sharply at a small level as expected. Here are a few ideas. This wave of 60,000-65,000 pull-ups is most likely a pullback before a decline. I think the possibility of a local breakthrough and a new high is relatively small. An upward channel has been formed at a small level, and the short-term market pull-up has accelerated. If you want to pull it to 65,000, you may have to fall back and break the trend line in the short term. The level can be pulled up only after completing a wave of inducing short selling. Pay attention to the possibility of returning to 62,400 at a small level. This wave is still seen around 65,000. Don't be bearish easily before 65,000. The market is very strong. Because I have contracts and I also have spots. I think there may be a short-term correction, but it has not reached the top yet, so I sell the contracts and keep the spots. This can be understood as part or half of getting off the bus. For those who have all contracts or all spots, you can sell part of it. This is Brother Mi's point of view. He thinks there may be a correction in the short term, so half of the long orders on hand can be sold. Brother Mi's prediction of this wave is indeed very accurate. You can pay attention to it.
Next, let's take a look at the wave theory Liu Yudong
Liu Da's view on Bitcoin, he said that on the daily chart of October 7, 2024, he proposed last week that we should be vigilant after breaking through 64,810. After breaking through, it fell for 4 days. After breaking through 66,343, it faced a choice. One is a new rise, rushing to 114,000. The other starts from a certain high point, the c wave falls, and then rises again. There is no clear distinction at present. If it is a c wave decline, it must fall below the blue dotted line of 57,493, and usually falls to the blue dotted line of 54,060. If it maintains above 57,493, the possibility of c wave is low. Well, Liu Da's view, compared with the current lack of obvious distinction, it is not impossible to rise directly to 114,000. If the second point is to be met, it should be adjusted back to around 54,000. You can refer to Liu Da's view.
Next, let's take a look at Cake Dad.
This morning he said that it is time to sell, which means he thinks the price will reach 64,366, so he told everyone to sell the spot. According to today's analysis, from the daily level, after BTC closed at 62,500 on the weekly line, it rose strongly to around 64,000. This is something I have been emphasizing at the weekend. After breaking through 62,500, short positions cannot be held. Now it has come to the position of reducing positions. In order to reduce positions, you will buy back at your first opening point of 60,650-61,350. It is a decision you are willing to make. You may miss it if you reduce it now. This time it has fallen to 60,000, and there is really no return. If If this area rebounds and then goes down as Cake Daddy said, then you can lock in 70% profit and buy back at the same point. The idea I showed is that BTC's whole wave should not be completed yet, and it should go down one more time. My operation is to buy with limited orders. Now I can reduce my position by 70%. Those who buy with fixed investment can sell 50% at around 64,000. Yes, you can sell it quickly. If you are aggressive, don't sell it. Be conservative and reduce some points. Cake Daddy's point of view is equivalent to what he has said very clearly. He will reduce a part of it at this position. He thinks there may be a correction, but it will still go up later. You can refer to Cake Daddy's point of view.
Today's greed index is 50, and if it is neutral, it can be greedy again if it is pulled up a little bit. In general, when it hits the bottom, we insist on being bullish, and there is nothing wrong with the target of 64,00065,000. Has the coin reached its peak here? I personally think we can still look at 65,000. For this wave of rise, Mi Ge is right. We still have to thank those who shorted. Without them, how could BTC reach 65,000? Without them, how could it reach 114,000? Well, today's content analysis ends here
