10.12 Bitcoin is in the rising wedge pattern. Once it rises again and breaks through the resistance line, it will soar.
I said before that the rising relay pattern of Bitcoin is based on the overall rising structure. From the perspective of pattern analysis, it is rising-lowering flag-rising again-making a lower flag-(so it rises again?), and the low point is gradually raised, so the overall upward trend has not changed. It should be noted that 57400-57500 is a very critical support, which cannot be effectively broken, otherwise it will really cause a big crash.
From the 4-hour point of view, this wave of rebound is the so-called bottom divergence and rebound grabbing mode. Affected by the overall falling structure, the intraday rise is at the end stage, and the bulls need a short rest. The acceleration of this position should take the initiative to stop profit in the short term.
From the daily line, after the price recovers 63100, the subsequent rise will have better ductility. After the recovery, you can buy and go long on the second retracement. Before the recovery, just keep calling back and take more. If you are not satisfied with the recent market operation, please consult btc0796 and find me to discuss the market.
Bitcoin retracement: 61500-62000, target 63000-64000, defense 61000
Ethereum retracement: 2370-2400, target 2470-2540, defense 2330
#6万保卫战 #SCR开盘 #特朗普当选概率上升 #9月美国CPI实现6连降 #多军的反击 $BTC $ETH $BNB
