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2024-09-22 BTC Market Analysis

From the speculation on Friday that BTC will build an hourly level center, to yesterday's emphasis, and today's confirmation, three days have passed.

The weekend is around the 1h middle track to the right, and the price has almost no big fluctuations all day. It happens that the first retracement is the sell 1 given in my article yesterday, and the trend has reversed after reaching sell 2.

It is still in the 4h level rebound, and the next one is expected to reach around 65,000. Unless it falls below 6w before that, the trend will not change.

Short-term

Yesterday, it was speculated that the volume would shrink and rise during the day, and then fluctuate downward at night. But in fact, it was shrinking and rising all day, and it was not until after 7 o'clock this morning that it reversed. Then this weekend is likely to be the so-called "Saturday rise, Sunday fall". It is expected that this small retracement will reach around 62,300 again.

Direction: short

Selling point 1: current price

Selling point 1: around 63000

Selling point 2: around 63300
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