24/09/20 After a year, we tested the Vegas channel again. Has the trend direction of BTC changed? What is the best layout for the altcoins next?

Bitcoin tested the Vegas channel again after about a year. Today, the K-line did not close but it re-stood on the Vegas channel. After breaking through the channel in August 2024, it stood back in October. Now it has broken through and stood back again. The big market in October is still worth looking forward to.

Bitcoin continued to rebound and hit a high of 64133. It is still facing the previous pressure of 65000 in its upward momentum. At present, the probability of breaking through to the upper edge of the rising flag at 68000 is relatively high. Pay attention to the support of 61500-62500 in the short term.

This wave of Ethereum's compensatory rise is a relatively large market, and there is also a copycat market. The first target is 2600-2800. Once it effectively stands at 2800, it will have a chance to complete the bat pattern and look towards 3300. We will take it one step at a time. We have also conducted a comprehensive screening of the copycat and selected good opportunities.

Flatbread

Bitcoin has already touched 64133 and is close to the target of 63500-65000 on the 16th. There will be certain pressure in the short term. It is recommended to fall back to 61500-62500 to continue to increase positions.

The 4-hour chart maintains the upward channel operation, and is currently close to the upper channel. Those who have positions continue to hold, and those who do not have positions are not recommended to directly chase the callback to find opportunities. The trend of the line we predicted on the 16th is consistent, and the callback range needs to be corrected, not necessarily too much, and continue to touch the upper edge of the rising flag at 67,000-68,000.

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ether

Ethereum rebounded and reminded that although the rebound was weak, it was still necessary to look at the rebound near the bottom support. When Ethereum rebounded upward, pay attention to the pressure of 2665 and 2800, and there was a bat pattern on the daily line. It needs to break through 2800 before it can be sure to look at 3300.

The ETH/BTC exchange rate rebounded and tested 0.04. It depends on whether it can be effectively recovered in the next two days. Then there will be a one-sided market in the cottage.

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