October 18, Friday, Bitcoin midday analysis!

From the perspective of technical structure, in the four-hour level line, the running channel forms a wide saw-saw state. The price has not continued to fall after a high-level correction, but has entered a trend of repair and warming. The volume is still arranged in a bullish form. The moving average trend is anxious, but it has not led to the release of prices. In the small cycle, it has turned from downward consolidation to recovery, with shocks as the main and high-level as the auxiliary.

In the one-hour level line, the running channel has been pressed up and pulled back. The price is currently oscillating in a narrow range at a high level. In fact, it is a weak correction and consolidation. The short volume is arranged but has no substantial release ability. Although the moving average is downward, it has not given the short space to go out. At present, there has been a turn to maintain the high-level consolidation of prices. It takes time to pave the way for the high. In the next idea, we mainly do more at the low level of the correction, and do shorting to repair the upward trend without breaking the key area.

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