#BTC October 25 Market Analysis
As we approach the weekend, we have indeed enjoyed a significant gain, with the long and short range perfectly set between 66600-68800. Currently, the market has rebounded, indicating that buying pressure remains strong, and even the struggling ETH experienced a minor increase in the afternoon!
Now, let's analyze the current situation. Trump's presidency seems to be a done deal, and he supports the cryptocurrency sector, which is a significant positive for the crypto market. Just to remind everyone, Trump's promises are detailed in the chart.
This week's ETF has also been in a state of net inflow, with $76M flowing in over the past 24 hours. The RSI on the chart remains in the overbought zone, so the resistance level to watch is still the 68800-69000 range. There is a possibility of a divergence pullback signal. The Fibonacci 0.618 level has not been triggered, so we will directly adjust the support level. Since we have broken through, we will continue to maintain the idea of buying on dips. Intraday operations:
Support level 67200-67400 range
Resistance level 68800-69000 range
