UPDATE VIEW BTC NEW WEEK 14-21/10

Last weekend, BTC tried to break the 63,600 barrier but failed. The sellers held the price very well around this area. Therefore, although the large time frames still support the medium-term increase, BTC will likely have to adjust 1 beat to gain momentum towards higher areas.

We expect BTC price to retest the 60,600 - 59,800 zone before breaking through the 63,600 resistance zone.

Now is the right time to enter the market for spot positions. As for futures investors, limit swing orders at the present time.

The above is a reference plan from the perspective of MGS trading, you can refer to it to come up with a suitable trading plan.

Wishing you successful trading.