Daily Interpretation of $BTC (10.25 Afternoon)
1: The main force of BtC has placed 26 large buy orders below 66666, with a total amount reaching 124 million, with the lowest bet at 55000. Pay attention to the range of 67300-66700 below.
2: 70,000 is the most important watershed. Currently, sell orders amount to 36.71 million USD, 18.97 million USD, and 1.426 million USD, which have been hanging for over 33 days.
3: The long-short ratio is 0.74, with a value less than 1, indicating that those holding short positions have the advantage, while a minority of the main force holds long positions.
4: The U.S. election on November 5 is expected to bring good news, institutions will dump, with a correction angle of 10%-15%. Some cryptocurrencies may correct to the buying cost, remember to reduce your positions.
5: The ETH/BTC exchange rate continues to hit new lows. If it cannot break through 2560-2750, it will be difficult to see a major market movement. 2750 is the high point in the last three months, and 2560 is the high point from the last two days.
6: ETH has fallen below yesterday's low of 2508, showing very weak performance. Support levels are at 2470 and 2442 below. If it cannot hold, it will test the lower level of 2340. Don't expect a high rebound without a spike; it's really trash.
