#BTC☀ The surge of BTC yesterday brought us a boost of happiness again, which was worthy of the real-time buy analysis made by Xunzhang at 60500 on the morning of the 11th. In fact, the price fell below the support of 59800 near October 3rd in the early morning of the 11th, and the trend to 58946 was already in Xunzhang's prediction. Before this trend appeared, it was already responded to the trend inquiries of coin friends. The price will either continue to rebound and rise at the support of 60000-61000, or break the support and lead the market to be bearish and then rebound and rise. Because such a trading method is also a common cunning action to lure shorts, which is a way to influence everyone's judgment.

After getting up on the morning of the 11th, I saw that the technical price had just broken through the short pullback trend. I was extremely excited. What a well-founded pattern. Therefore, Xunzhang wrote an article in time for a long analysis, and provided many reasons for going long, for fear that the coin friends would not dare to participate. The market also rose by 6,000 US dollars to 66,500 as expected, and many currencies in the city rose sharply. The coin friends who follow Xunzhang have gained great happiness in this wave of pull-ups. Here, Xunzhang also thanks the coin friends who continue to support. Everyone's trust is the source of power for Xunzhang. Because the media update speed is not fast enough, it cannot meet the needs of most coin friends to follow up in time, resulting in the missed excellent opportunity. Xunzhang is watching the market in front of the computer all day and participating in the market, and can answer questions for coin friends at any time.

Currently, Bitcoin is under pressure at 66,500, the peak on September 27, which is near the high point of the rising wave when the price rebounded from 52,550 on September 7. It takes some time for the price to be locked up in this area and release the pressure of short-term profit-taking. Therefore, it is normal for the price to fall back briefly, which does not affect the cyclical bullish trend.

At the same time, once the price breaks through 66,500 points again, it means that the downward state of the entire daily line will also turn to an upward trend, forming a high channel. Since the price peaked at 73,777 points on March 14, there have been multiple declines and rebounds, and the rebound high point has been moving down, forming a bearish continuation downward pattern. Therefore, once the price breaks through 66,500 points, it means that the price has formed a wave peak upward for three consecutive times (the last two rebound wave peaks were 65,000 on August 26 and 66,500 on September 27), and the bullish rising pattern will lay the foundation for the daily cycle to rise. At present, the daily cycle MA moving average is in the initial stage of turning to long across the board. Once a long arrangement is formed, it will lead a large cycle of full-line pull-ups, which means that the price will continue to rise by more than 50% to around US$100,000.

Judging from the details of the hourly line, since the rebound on October 11, the price increase did not adopt the strategy of a single large positive line like the previous rebound patterns. This wave of rebound adopted a progressive rise method of continuous positive closings. This trend has continuous active buying and strong price support, which means that the main force has a firm goal and sufficient funds are prepared.

At present, since the main force has spent a lot of money to raise the price, if the price is sold off sharply, their efforts will be in vain, and they will need to spend more money to raise the price. In order to avoid trouble, they will continue to stabilize the price, and it is difficult to have a big drop in the short term. The short-term support price is 64,800 points, and it is difficult to fall below 64,000 points in the short-term retracement. Xunzhang believes that the BTC trend will have some short-term pauses and adjustments, and then will launch an attack on the next peak pressure level of 69,000-70,000 US dollars.

In fact, the pressure in the large range of 69000 to 73777 points will be very obvious, because the peaks in this range last many times and for a long time, and there is a backlog of locked-in shares. At the same time, the bottom and the long positions will sell in advance below the new high to wait and see, causing selling pressure, because they are skeptical about whether the historical high will be broken. Xunzhang believes that this range needs a long time to run in, and the price may show a trend of rushing to the top and falling back many times. Everyone can grasp this rhythm in advance. Once the locked-in shares in this range are consumed and the market selling pressure is scarce, the price will completely break away from the heavy pressure zone and start a new journey, and there will be unlimited space above.

Based on the current situation, the price is absorbing selling orders at the current peak pressure level of 66,500 points. There will be some small retracements in the short term. It is expected that after the retracement, it will continue to rise and attack the range of 69,000 to 70,000. Short-term participants can participate in long orders near 64,500, defend 63,900, and look above 65,500.

A must-read for coin lovers: Because this round of bull market is different from the past, the direction changes quickly, and the speed and amplitude of the currency rise vary greatly. For coin lovers who want to catch a big increase, pay attention to the medal in time to help you stand at a high position and pursue the wealth of the cryptocurrency circle from a professional perspective.$BTC