As the market moves to today, Bitcoin is stronger than expected, hitting the trend line pressure of 69,000. Ethereum is in line with expectations and follows the rise. The altcoins also rebounded as predicted. The key meme sector, AI sector, and people and other hot coins frequently appear at the top of the list of gains, and the harvest is fruitful!
At present, Bitcoin has reached a very critical position, and it seems that it can break through and take off at any time, but it is facing huge pressure from above... From a technical point of view, there is no sign of peaking in the daily cycle, but the four-hour divergence has been confirmed, coupled with the oversold after the continuous rise, the risk of adjustment here is still relatively large, fortunately the amplitude will not be too deep, and it is likely to go around 67,600, and then continue to rise, creating a new high above 69,000. Here we must pay attention. If it falls back after a high rush, it cannot stand firm, and the daily level divergence will appear, and then a larger level of adjustment will come!
According to the on-chain data, the funds of the exchange are still in a low state, the contract holdings are at a historical high, the greed index is approaching 75, and the regional war is escalating. I always feel that there will be a wave of harvesting market! In addition, the current trend of the blood-sucking little overlord A in October has stabilized, and it is estimated that the second stage of the upward trend will begin. Many old-fashioned altcoins on Sunday also went out of the compensatory market.
All of the above make us have to maintain a respectful heart. If there is a new high trend after the adjustment, it is recommended to leave at least half of the position to observe the authenticity of the breakthrough first. After all, in our judgment, there is still a C kill to go, and when it will come, whether it will be superimposed with a black swan, are all unknown, so it is better to be cautious!
In terms of currency, because I am not an optimist, I will not recommend it for the time being, and I will screen it after the market really goes out of the direction. In a word, the market is unpredictable, control your fear and greed, so that we can go further!
