10.17 Thursday afternoon view: The bulls are exhausted, the sideways consolidation is coming to an end, and a flood is about to take place!

Bitcoin has been rising wildly in the past few days. Many old friends think that the market has reversed and the bull market is about to return, but it has failed to challenge the 70,000 mark. In the end, it has become a volatile downward pattern. The market trend is still relatively slow. From morning to now, it can be carried out with sideways trading. The volatility is small, but it can be clearly seen that the bears have slowly given signals and are about to counterattack!

First of all, from the daily level, the Bollinger band is shrinking downward, and the K line has a rhythm of continuing to decline. The upper resistance is still relatively strong. The upper Bollinger rail forms a suppression on the upper side. The short-term currency price may rebound, but the overall pattern is not optimistic, and it is mainly short!

From the 4-hour chart, we can see that the Bollinger Bands are opening downward. Although the current price of the currency has temporarily stabilized above 67,000, the weak pattern is still there. The currency price is still running in the downward channel. In the short term, it is likely to maintain a volatile downward trend. The operation strategy for the future market is to rebound and short. Pay attention to the resistance of 69,000 above and the support of 65,000 below!

For Bitcoin afternoon operations, Lin Kun personally recommends that the price rebounds to 67,850-68,350 and short, and the target can be around 66,000-65,500! #美国大选如何影响加密产业？ #BNB涨至600 #BTC要挑战7W大关了吗？ #特斯拉转移比特币 #特朗普家族加密项目 $BTC $ETH $BNB