2024.10.10 Market Analysis

Yesterday, the price of CNY fluctuated up and down many times, constantly testing the support below, the low point was also constantly falling, and the high point above was also constantly moving down. In the process of rising in the evening, it did not break the recent high point, and then it rose again and fell back, with the lowest price of 60,300. As of now, the price of CNY is around 61,000.

The overall trend is still weak, showing a slow rise and fast fall rhythm, and the overall bears have a slight advantage. The 200-day line above the 4-hour level forms a suppression, and the support below the daily level is also the 200-day line, which is the key position of 60,000. If it cannot break through in a short time, the price may fall again. On the contrary, it will further test the pressure level near 62,000 above. Those who play with leverage hope that everyone will be prepared in advance. #BTC