BTC forecast trend!
I was busy until very late yesterday, and I didn't want to talk about Bitcoin today. I will briefly analyze it as requested by my fans.
Today, Saturday, the price rebounded strongly after reaching 58,900 on the 11th. It was previously judged to reach 58,000 on the 12th. Although it was slightly insufficient overall, the price and time were very close, so it triggered a rebound. From the early morning of today to 63,400, it was suppressed because it was in the matrix and volatility position.
Next, it should be noted that the 4-hour level high will rebound to 0-4 on October 13, and then fall back to at least 16 on the 13th. The high point may reach 63,600 in the form of a pin, and the daily line may rebound to around October 14. That is to say, from the 4-hour point of view, a low point will be established after 16 on the 13th, and then rebound again to around the 14th. If the high point is formed on the 14th and 15th, the low point may be adjusted back to 60000-60800. The specific situation needs further confirmation.
Regarding the judgment of the trend, the high point of 64500 has not been broken, so strictly speaking, the trend has not changed. From the perspective of Dow Theory, the high point is lowered unless it rises above 64500. The rebound just reaches the Gann matrix and volatility position, so here we need to observe whether pressure will be formed at the high point time. From the perspective of Chaos Theory, when it falls below 60000, there is a 4-hour-8-hour bottom divergence, and it is a three-hour decline at the hourly level that reaches the volatility position, so a rebound is formed. The current rebound is strong. The specific second buy combined with Gann's judgment is about 60000-60800. Whether the second buy is enough to change the trend, or whether the first buy directly changes the trend, it is currently difficult. Then if the 63600 level is suppressed and cannot rise to 64500, a lower low will be formed, and there will be a potential hourly level center, so there is still a possibility of further lows in the future.
Simple conclusion:
As long as it does not break through 64500 in the next two days, you can hold it. Even if it breaks through 64000, don't be excited. If it really reaches 64000, I will arrange to pull the average price down. (Personal analysis is that it will not reach 64000) The first position is around 61500, and the second position is 60800. I have notified some people to open positions at around 1.40 this morning. Hold the position and the pole according to what I said, and don't panic even if there is a slight increase.
Hold it firmly, don't close it without my notification.
