(7) October 18 [Analysis of the Cryptocurrency Market]

Dear coin friends, today's fear and greed index is 73, which is in a greedy state. Bitcoin is indeed breaking upward and is testing the resistance level of 68,300. If the hourly line can close above 68,500, as I said yesterday, there is great resistance here.

The current market is generally optimistic, but because of this, the dog dealer may pull up the price at any time, and then kill it back, causing the price to fall to 65,000, hitting the bulls and killing the arrogance of retail investors. After all, the greed index is as high as 73. Three more points would be extremely greedy. In this case, the uncertainty of the market will increase further.

Coin friends, do a good job of risk management and set stop loss and take profit positions reasonably to cope with possible large fluctuations.