【2024.10.16 Analysis of the intraday market of Bitcoin and Ethereum】
Good morning, brothers. Many brothers asked me what to do with this wave of pins last night. What can we do with this market that is pulling up and down? The dog dealers have both long and short positions, and the dogs shook their heads when they saw it. Those gambling dogs with high multiples and large positions were upset again last night. The price did not change and the positions were gone. Every month, there will be a K-line with a daily rise and fall of more than 5 points. Every time such a K-line appears, a wave of brothers will be taken away!
Last night, Bitcoin was also pulled to the pressure range near 6.8. The dog dealer wanted to test the strong pressure above, and it was quickly smashed down. This is the first test before the dog dealer is ready to pull up. If it is pulled up again in large volume in the future, it will test the pressure range above again!
After Bitcoin was smashed down last night, it immediately rose back. Looking at many cottages, they have all leaked. Brothers who like to play cottages can also make money by entering and exiting quickly. It depends on whether you are fast or the dog dealer is fast. There is a saying that goes like this: As long as the new love comes fast, the sadness of the old love will never catch up with you. As long as you run fast, what does losing money have to do with you? 80% of people lose money because of greed!
Today's market analysis:
$BTC Big Pie said at night that it would continue to rise if it did not fall below 65880. It started to fall after breaking through the second pressure level. At present, the small level has started to go sideways again. Pay attention to the position of 66640 today. As long as the small level falls below this position, all levels are on the long side, and the market will continue to rise. Pay attention to the upper target/pressure level near 67367-67950-68470-69150!
If there is a callback today, pay attention to the lower support level near 66000-65400-64770-64790! #BTC走势分析
$ETH Ethereum said at night that it would continue to rise if it stood firm at 2585. It started to fall after breaking through the first pressure level. Pay attention to the position of 2600 today. As long as the 2/4 small level stands at this position, all levels are on the bullish side, and the market will continue to rise. Pay attention to the upper target/pressure level near 2630-2660-2688-2710!
If it fails to stand at 2600 today, the 2/4 hour level will start to pull back, and pay attention to the lower support level near 2565-2536-2510-2477! #ETH走势分析
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