BTC Market Analysis 8:35 AM 14th October 2024

BTC fell last night but is now almost unchanged, in a consolidation phase around 62500, in the range of 62328-63260, with a low of 62020 and a high of 63118. This is not much different from our main view over the weekend, where 63260 was not effectively broken. At this point, it is advisable to reduce the position, only consider looking for low buying opportunities on a break of 62328; only consider buying opportunities on a return after a break of 64450! Looking at the weekend, there was a break of 62328 last night, creating an opportunity to look for buying, but it failed to break through the strong resistance area of ​​0.786-1. This mission can only monitor the intentions and strength of major investors this week!

BTC Watch

Short-term support 61675/61000/60200/58900

Short-term resistance 64450/66550

The key point above is still 63260, and the point below is still 62328/61850. Today is Monday, the intraday movement cannot represent the trend of the week. The trend of the week will definitely take place in the evening when US investors participate, Europe and Asia will coordinate with the US to conduct a trend test, because at the end of November there is the US election, the Federal Reserve's interest rate cut and many other major events affecting the world!

Near the end of the month, the US annual level trading space will peak!

On trading: Take advantage of a big dip, big hits, and all the trading opportunities out there! Don't be greedy during the day! #BTC $BTC