$BTC #今日思路
At least a week of decline?
The trend of Bitcoin seems not to turn back, it has been fluctuating at a high level for so long, and a pullback only takes a moment. Is this what they call the legendary October?
In fact, Bitcoin has already risen nearly 10,000 points this month. Although it couldn't break 70,000, the continuous one-sided rise has provided enough market sentiment. So overall, October is still the same October; at least Bitcoin has not let everyone down.
There are a few days left in October, and there is still hope to reach 70,000. Below this daily level position, there is still room; the first resistance is around 66,500, and strong resistance is at 66,000. If there is a spike breaking this level in the short term, then a new round of fluctuating correction will begin.
In the short term, the market has no stories to tell; it is expected that the next movement will be a fluctuation of about a thousand points around 67,000, preparing for the upcoming November. The two powerful narratives of the elections and interest rate cuts are worth looking forward to, as they may indirectly determine whether 2025 will be a bull market.
Operational thoughts: The four-hour line looks bearish, and there is still a possibility of a pullback before the market opens. Those who like to trade short waves can watch 66,000; if you're conservative, just wait there. If you can't hit that level, you can take a counter position at the current level.
If you want to seize this round of the bull market, it's definitely too late to learn on the go; it's best if someone can guide you to get started quickly.
I am Old Li, welcome to communicate!
