Despite the Fear & Greed Index pointing towards 61, Bitcoin has fallen by 1.70% in the past 24 hours. After reaching 66450, Bitcoin fell back to 64140 after failing to find support on the upside.
The MACD indicator shows that buyers have done everything they can to push Bitcoin above $64,140. Once it broke through that point, the market gained confidence and the price surged to $66,450. However, the support level of the range turned into resistance, causing the price to fall to the latest support level. The RSI also almost entered the overbought zone.
In the past few hours, Bitcoin suddenly fell by 2.9%, resulting in the liquidation of $100.99 million worth of transactions in the past 12 hours. Ethereum fell by 2.76%. This caused long traders to either liquidate or close their positions, thus providing an opportunity for short traders. October is coming. Despite the many difficulties, the outlook for October is still good. The 64140 Bitcoin price has become a good support point. If it cannot be broken, Bitcoin may touch 66500 again before closing within three days. If the market closes with a positive attitude, October will enter a new resistance zone. After the above resistance level, there is still strong resistance above, around 67350. The pending orders in the morning are still valid, and the short-term outlook is 箜. I am Lao Li, a blogger who focuses on freshness! ! ! It is better to teach a man how to fish than to give him a fish. Whether the investors in Biquan are novices or experts, they can gain not only financial gains from Lao Li, but also growth in investment knowledge and experience. In the process of following Lao Li's investment, Lao Li will not only provide investors with market analysis ideas, basic knowledge of market reading, and methods of using various investment tools, but also bring you wonderful fundamental interpretations, sorting out the chaotic international future, and identification of various investment forces. Let you become both a winner and an expert in investment!
