BTC Comments on October 10 $BTC :
Frame D1: BTC is currently recovering after a very quick and unexpected crash last night. For now, I think BTC may recover to the 617-620 zone. We will have to wait until then to see how the market reacts. However, with the indicators still at such a high level, I think BTC will continue to fall.
- Frame W2: The price is still above the MA line, but since yesterday, my group has shown that this week's candle will end around or below the 60500 zone. I still maintain this view.
=> My comments are as follows:
- Although yesterday, the group's view was very early that the weekly candle would close at the 60500 zone, yesterday was only Wednesday, which is too early to end the weekly candle. So I think BTC will circle back to the 630x zone once more, and this is my wrong comment.
- However, because the long view is about the 605x zone during the week, it is easy for me to come up with a strategy to close the loss of the Long order at 300 prices to short the right trend to earn back for the group of more than 1k prices yesterday. Although closing the 611x zone is still weak :(
- BTC today, I will wait to short the 617-620 zone, it will be safer.
- In the long term, I still keep the view that BTC will sw the 60x - 63x zone in the next 1-2 weeks.
Good luck to everyone !!!!
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