2024.10.17 9:32 AM BTC Market Analysis
This night, BTC was continuously suppressed by 67850, and is now confirming the retracement. The current support range of consolidation is 66500-67850. The continuous negative K arrangement at the 4h level has a certain intimidating effect on the market. Most of them can only watch the performance of the main force. When the price rises and falls sharply, many partners will chase it. The sideways movement of BTC at a high level helps the funds to overflow to the cottage, and the cottage is easy to usher in a reversal moment!
BTC attention
Support 66500/64450/63260/61850
Pressure 69800/73500
The key point at this moment is 67850. If it breaks through and stabilizes, it will basically reach 70000. It's just a matter of the main force trembling. The main force is not short of this money. It just depends on whether the attraction is enough. For example, a large number of air forces get on the bus to cover the margin, accumulating a lot of liquidity, which is very tempting. Then the main force will definitely go up and explode these liquidity. Back to a week ago, no one believed that the big cake could reach around 70000 so quickly. At this moment, the big cake is in front of us. This is the charm of the secondary market. Everything is possible!
In terms of operation: In the case of strong bulls, continue to do low-long retracements. The quick-pull idea of keeping the bottom position with a break-even loss strategy is the best strategy for the day. It is unrealistic to still fantasize that you can take the big trend. The volatility of the big cake has increased in recent days and the action of accelerating the harvesting of contract liquidity has been known to the world. If you still fantasize about the contract pattern at this moment, you are the one who will be harvested!
Most of the spot copycats have a good second step, so you can enter the bottom position at will. The more it goes against the trend, the more it is criticized, and the more it is popular online but performs very poorly. You can get a hand of this kind of new currency. This kind of reversal will be very fierce, and you can easily get 30 or 50 points!
