Hello dear audience friends, good morning and good evening. Today is October 8, 2024. After reaching 64,000 yesterday, the big guys let us lock in the profits. The upper pressure level is 64,725, and the lower support level is 62,600. Today, the highest Bitcoin price rose to 64,500, and this morning it fell to a minimum of 62,141, breaking the bullish and bearish dividing line of our community indicator chart. The daily line closed at 62,260, which is not bad. What is the dog bank going to do today? Can it continue to attack? Next, let us take a look at the latest views and analysis of various bloggers.

First, let’s look at the

Ti Da said at 1 pm yesterday afternoon that the triangle broke through and then retraced once. Yes, it was the triangle range that I drew with you last week. So at 10:30 last night, Ti Da continued to say that it was okay. Will Huang's Nvidia continue to rise? So I continued for him at 2 o'clock this morning. Bitcoin rebounded strongly from 64,000. The most critical point is where it will reach 70,000. The U.S. stock market did not perform well today, which has a negative impact on Bitcoin. Looking at the 15-minute level, there is a small consolidation zone. It is best to hold on. This is Ti Da's point of view. The small consolidation zone he mentioned, the lower line corresponds to a price of 62,800, and the upper line corresponds to a price of 63,200. At present, this support has been broken, and it is now fluctuating at 62,337. It has not fallen below this position. There is no need to be too pessimistic. You can refer to the mentioned views.

Next, 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 59,900, which is a key support level. Many traders buy Bitcoin here. If the price falls below 60,000, it may hit this position. The resistance level is 65,000, which is the current main resistance level. If the price rebounds here, there may be a pullback to 54,000. If the price is rejected here, there may be a pullback to 64,500, which is also an important observation point. If the price breaks through this level, it may continue to rise. If a long position has been established at 59,900, it is recommended to continue holding and observe the reaction of 60,050. You can gradually take profits near 60,050. For short selling, if the price encounters a strong pullback signal near 65,000, you can consider shorting with a target of 58,000. Pay attention to the opening of the market. If there is a large-scale sell-off, it may accelerate the decline and set a suitable stop loss. It is recommended to set alarms near the key prices of 65,000 and 58,000 to adjust the strategy in time. If Bitcoin can break through 65 ,000, it may continue to rise and is expected to test higher prices. On the contrary, if it is rejected here, it may fall back to around 58,000 or even deeper support levels. Daniel emphasized that maintaining a flexible trading strategy and good risk management are the keys to successful trading. The market changes very quickly, and it is necessary to monitor prices and market sentiment to make timely decisions. Later at 1:30 this morning, Daniel went on to say that this is a very difficult period for Bitcoin. Two situations are likely to occur. I think next month’s election will have a great impact on Bitcoin. Good chart champion, Daniel’s point of view is equivalent to what he joked with us before, looking at 80,000 or 114,000, and looking at 47,000. It is very critical for Bitcoin now, but next month’s US election will definitely have a huge impact on the market, because every time the US election, the US stock market will be awesome. It’s not far away. We have been waiting.

Next, let’s take a look at Bitcoin Peak.

Yesterday morning at 9:30, Brother Feng gave a short selling suggestion for Bitcoin at 63,800-64,000, stop loss 65,500, and take profit 60,000. So at 9:30 last night, he gave another short order for Bitcoin. The current price is 63,110, stop loss 65,500, and it is back to near the cost price. It is recommended to get out to protect the principal. So after getting up this morning, he gave another short order for Bitcoin at 62,490, and stop loss 63,650. Well, this explosive order of Brother Feng, as long as we look at the market, Brother Feng will definitely have no problem if it falls. He is the head of the air force. He has been shorting from 64,000 yesterday to now. If it can go back to 30,000 again, Brother Feng will definitely take us to the sky. He is still bearish on the future trend. You can refer to his explosive orders.