Insights on Bitcoin's morning market on Tuesday, October 1
October is a new beginning, and it is also a day for the whole country to celebrate. On this occasion, I wish you all a happy National Day! I believe that many old stock investors have returned a mouthful of blood under the recent recovery of the A-share market. In the currency circle, the market has given a certain decline. Our bullish thinking for many days also directly reversed yesterday morning and prompted bearishness. In the end, the market fell as expected, and the lowest price fell to the 63,000 area before rebounding and adjusting. The bearish thinking ate more than 2,500 points as expected. The turning point is so perfect. Keeping up with the rhythm is picking up.
From the current daily line structure, the previous upward trend has obviously changed. After the previous continuous upward movement, it was under pressure and blocked. The K line closed with a large negative line, which changed the overall trend of the market. Yesterday's analysis clearly pointed out that the bulls showed exhaustion. Now is the time for the bears to show up. In the 4-hour chart, the continuous negative retracement has changed the previous upward structure, and the short position is still continuous. As the price of the currency continues to fall, the moving average indicator and the Bollinger Bands are extending downward. So once the structure changes, just follow the trend and participate!
On Tuesday morning, it is recommended to short the big cake at 63500-63700, and the target is 63000-62000
On Tuesday morning, it is recommended to short Ethereum at 2610-2630, and the target is 2520-2450
Dreams are not unattainable phantoms, but practical goals. Every effort and every drop of sweat is adding bricks and tiles to the building of dreams. Maybe there will be wind and rain and setbacks along the way, but it is these hardships that make our will more determined and our steps more stable. #非农就业数据即将公布 #美联储11月降息预期升温 #币安上线CATI #美国二季度核心PCE符合预期 #美国8月核心PCE创4月以来新高 $BTC $ETH $BNB
