Coin Circle Liying: Will Bitcoin continue to rise or plummet on October 1? Exclusive interpretation of market trends and decryption of the latest trends

Article release time 2024.10.01—09:20

Both target positions given by Liying yesterday have been reached. The first is the bullish idea of ​​64,000 integer support, defending the 63,000 trend support point. These two positions are the key support of short-term indicators. The demand for callbacks is much greater than Liying expected, especially 63,000 obviously has a strong dense area. While holding, you must make a good defensive layout. Let's look at today's market trend

At present, the price of the four-hour K-line pattern has rebounded after a sharp decline in the 30th day of high-level fluctuations. The previous high point is around 66,000 and the low point is around 63,000. The 4-hour period technical indicator MACD fast and slow lines are below the zero axis, showing a bearish trend, but there are signs of convergence. The daily MACD is also in the bearish zone. The 4-hour RSI value of the indicator is 34.3, which shows a certain oversold state. The market may rebound. You can add positions after further confirmation, otherwise you need to clear positions and leave the market.

The current price of the trend indicator is below EMA7 and EMA30, and the short-term moving average is obviously suppressed. Long-term EMA120 provides support, indicating that the support is effective and the market is still optimistic. Then you don't need to think too much and just hold the position. Let's look at the trading volume on the market. The trading volume on the 30th has increased to 76459, and the selling pressure has basically ended. At present, it is like this. Then continue with this idea. In the short term, market sentiment tends to be stable, and the probability of bottom consolidation and sideways trading increases. Liying judges that today's sideways trading will continue.

Today's point forecast

Current price is long, 63000 to cover long, loss 62500, target 65500

Short point 64500, 65000 to cover short, loss 65500, target 63500

Reason: Liying's idea is to go long at the support level effectively, with a good stop loss, and wait for the high level to consider the layout of short orders. Don't chase the rise and fall. The content of the article is real-time and is for reference only. Risks are borne by yourself.

The above is Liying's brief analysis of the current market situation for investors' reference. $BTC #BTC☀ #BTC合约 #比特币合约 #BTC走势预测 #Btcoin