BTC Market Analysis at 8:34 AM on October 8, 2024

This weekend, BTC had a correction before the price increase, small altcoins exploded strongly, sometimes increasing from four to fifty points in a day or even doubling, this sign was clear from the end of last month and the beginning of this month, the market has great volatility, the pace is very fast, anyone who wants to have an overview will have to learn to accept reality. On the weekend, the resistance was set at 64500, the high rebounded to 64448, the support was set at 61850-62000, the low fell to 62091. On Sunday, the trading space was slightly larger, this is also an old way of thinking, from noon on Sunday to the close of the next day, the volatility will increase, will accelerate the recovery of liquidity on both sides, this is an old way of thinking that has not changed!

BTC Tracking

Support 60300/59150/58000

Temporary resistance at 64500

At present, the key point is definitely around 61850, pay attention to the loss and gain of this key point, after finding the bottom of the day, there will still be a need to recover in the evening, just see how the continuity of finding the bottom of the day is? Increase and decrease are normal, boom and fall are to reduce leverage, opportunities for both sides, risk and profit are proportional, when pursuing profits remember that just running 80% is enough, putting safety first will definitely not be wrong! If you need to make a profit, then make a profit, if you need to bear a loss, then bear it, don't let greed arise! $BTC $ETH