2024.10.19 Market Detailed Explanation
Let's analyze the market. Is it right that BTC is fluctuating upward? There is no big money entering the market on weekends. Brother Niu estimates that there will be another wave of rises to hit 69400, insert the needle to 70,000, plug out the stop loss of some people and then start a deep correction. The deep correction target of the big cake is 63000-64000. Those who shorted at low levels before should be able to get rid of many people.
BTC's pressure levels are 69400 and 70000 respectively; support levels are 67400, 66800, and 66000. It is not recommended to enter long orders on weekends, and you can take short positions at 69400-70000
ETH's pressure levels are 2680, 2750, and support levels are 2600, 2520, and. You can choose a position between 2680-2720 to take a short position. The market feeling is sometimes very accurate.
For the spot sector, clear the position as soon as possible.
Today's spot recommendation: None
If you want to make money, you have to control your hands and follow Brother Niu. Don't open positions for no reason!
