2024.10.14 8:35 AM BTC Market Analysis
BTC fell and pulled back last night. Now it is basically in the same position and has not moved. It is consolidating at the 62500 line and consolidating in the 62328-63260 range. The lowest hit was 62020 and the highest rebound was 63118. This is not much different from our main viewpoints at the weekend. The 63260 line suggested at the weekend was not effectively broken. At this point, it is advisable to reduce positions. Only when it falls below the 62328 line, consider looking for low-long opportunities; only when it breaks through the 64450 line, consider the low-long opportunities of stepping back! Now looking at the trend of the weekend, it fell below 62328 once last night, giving 1 opportunity to find more. It did not break through the strong resistance area of 0.786-1 upward. This task can only be to see the intention and strength of the main force this week!
BTC attention
Short-term support 61675/61000/60200/58900
Short-term pressure 64450/66550
The key point above is still 63260, and the point below is still 62328/61850. Today is Monday, and the intraday trend cannot represent the trend of this week. The trend of this week must be when the old Americans appear in the evening. Only then will Europe and Asia cooperate with the old Americans to conduct a wave of trend tests. After all, the US election in November and the Fed’s interest rate cuts are major events that affect the world!
The annual level of speculation space in the United States will reach its peak near the end of the month!
In terms of operation: seize all the spot opportunities of a sharp drop, a large-scale pin-in site, and an oversold market! Don’t be greedy for intraday trading!
