Detailed explanation of the market on October 18, 2024
Let's analyze the market. The market still does not fluctuate too much, which is basically consistent with what Niu Niu said in his blog post yesterday, and is in a volatile market. The intraday fluctuations of Bitcoin and Ethereum are basically within 2 points. At present, Bitcoin is around 68,000 and Ethereum is around 2,630. This position is very critical at the moment and is at a pressure position. If it cannot be effectively broken through in one or two days, it is likely to usher in a wave of callbacks.
The pressure levels of Bitcoin are 68,400 and 70,000 respectively; the support levels are 67,400, 66,800, and 66,000. Those who have not entered the market and want to enter the market can take more at a point above the support level.
The pressure levels of the second brother are 2,680, 2,750, and 2,600, and the support levels are 2,600, 2,520, and 2,600. Same as above
In terms of the spot sector, although it is a bit like a blood-sucking market now, Bitcoin and Ethereum are not particularly strong. Everyone is waiting for the big brother to take the lead. This pressure level is really strong. Let's see if it can go up in the next two days. If it goes up, you can clear the spot near the big brother's 70,000 and wait for a correction before buying again! !
For the spot here, you can still refer to the recommendation of Niu Niu yesterday. Don't move the others yet. Wait until the market is clear before making plans for the idle positions in your hands.
Today's spot recommendation: Unfi, cover the position at a price near 2.8u.
