BTC Market Analysis
Bitcoin has successfully captured liquidity above 65K, but the market risk is increasing and may face the risk of a sharp drop.
The trend starting from 53K has formed an upward expanding wedge, and this pattern is now nearing its end. It is expected that there is a high probability of a pullback near this price, with the goal of retesting the support level of 57-59K, and it may also trigger a 10-fold long order explosion.
After the pullback is in place, the possibility of a rebound is high, and the risk of forming a large triple top cannot be ignored.
The red rising trend line on the linear chart has not been touched yet, and the target can be seen at 68K.
In short, it is expected that the market will fluctuate up and down by $10,000 at the end of this month and early October, which will bring excellent trading opportunities.
It is recommended to intervene at the two extremes of this range: 57-59K is suitable for buying, and 66-68K is suitable for selling.
