Daily Market Analysis - $BTC

The reference period is 4H. Yesterday I said that I felt that the 61800 area could not hold up, but it fell to the 61800 area twice at night and then rebounded. This position is so difficult now. As for me, I don’t want to buy more here, because I always think it can’t hold up. But the short-term structure is indeed an upward structure. If you want to enter, stop loss below the 61800 area, and TP to the previous high 64500 area.

Every deep decline is often a great opportunity to add positions. In the market focus month of October to November, there are several projects that deserve our high attention.

$CFX

It is the best choice for layout. As the leading currency of domestic concept, there are obvious signs of capital inflow, and its speculation potential is huge. The target price is expected to rise to above 0.2.

$WIF

It is the leader among Meme coins, and its strong position is stable. When the market recovers, WIF will surely become the focus of the market, and its leading trend is expected. In terms of strategy, we should follow the trend and choose strong coins when the market rises, and avoid weak coins when the market falls.

$BABY

As a popular meme coin, it has the characteristics of high risk and high return. Recently, it has regained its popularity, driven by strong support from the community and the inflow of new funds. It is very suitable for investors with higher risk appetite to conduct short-term operations. It has become a rising star in the bull market, attracting much attention from institutions, and its trading volume is also increasing sharply.

$TON

With solid technical strength and strong team capabilities, it is an excellent choice for medium- and long-term layout. The current price is relatively reasonable and suitable for gradual position building.