$BTC After Bitcoin rebounded near 60,500 on the evening of October 3, it continued to rise by 4,000 points, and the price reached the rebound high of 64,478 at 22:00 on the evening of the 7th. Then there was a high-rise fall, and the current fall has been more than 2,000 points to around 62,300.

In fact, the market will not rebound overnight. In order to absorb sufficient funds and avoid a large number of long positions, it is not surprising that there is a downward rebound. At present, the market is still very bullish, so it is reasonable to continue to retreat to suppress long positions and reduce long positions.

Through the data, we know that if the price falls below 61,000 points, a large number of long positions will be liquidated. Therefore, it is predicted that the price will have a higher chance of rebounding if it stays in the support area of ​​60,000-61,000, which happens to be the bottom strong support level of the retracement at the end of September. Therefore, for the response of contracts and spot, it is recommended to increase positions and long positions of contracts around 60,500. Here, the medium- and long-term bullish trend of Bitcoin has not changed for Xunzhang, and some short-term declines do not affect the bullish outlook. At present, the continuous inflow of funds from the US Bitcoin ETF indicates that the market is also coming from the US stock market and the funds released by banks after the interest rate cut. Due to the high holdings of retail investors of Bitcoin and the particularly scattered addresses, the concentrated selling volume is not too large in fact, so the price decline is not as deep as expected. Based on the comprehensive situation analysis, Xunzhang recommends that everyone wait for the support of the 60,000 to 61,000 range to respond.

Note to coin friends: The direction of Bitcoin changes rapidly. It is difficult to grasp the best time and turning points without professional knowledge and data acquisition. It is recommended to pay attention to the medal to obtain timely strategy follow-up dynamics.#BTC走势预测