2024.11.5 9:08 AM BTC Market Analysis
BTC continues to oscillate and test the bottom. Last night, it hit a low of 66810, and now it is consolidating around the 67850 level. The market remains weak, and there can only be a rebound in between; do not consider a reversal for now. The trend remains one of oscillation and bottom testing!
BTC Focus
Support 65600/64450/63260
Resistance 69800
The current key points are 67850/66560; the trend is at this level, do not fantasize about a bullish pattern. For safety, hold onto your chips and wait for significant market opportunities to emerge, such as the finalization of presidential candidates or the realization of speculative expectations. Without speculative expectations, good news can turn into bad news, leading to collective panic selling in the market, or the main force could sell off in volume, completely plundering the liquidity of the past three months!
Regardless of whether this situation occurs, being prepared with chips is ultimately not a mistake! Responding to changes without changing, when the market direction is unclear and continues to decline, do not rush to bottom-fish and enter the market!
