Bitcoin Ethereum Next Week Trend Analysis Outline, Gradually Bottom Fishing, Targeting 73000
As this week's market comes to a close, the golden September and silver October are also about to end. The current market sentiment is relatively gloomy. After experiencing a round of washing, Bitcoin is currently consolidating around 67000. In the past week, long and short positions have been tugging back and forth within a wide range of 4000 points, ultimately ending with a plunge. 150,000 people across the network have been liquidated, and pessimists are claiming that the market has entered a bear market.
The past two weeks have been one of the few periods without significant data, with severe international situations. Conflicts have erupted between Israel and Iran in the Middle East, and the situation has further escalated with the involvement of NATO and North Korea in the Russia-Ukraine conflict. Meanwhile, the United States is gearing up for the next election and the Federal Reserve's interest rate decision next month. There are too many uncertain factors, with the most important being the election of the leader. Currently, Arter is leading in the polls against Sister Harry. If elected, it would be a significant boost for the market.
From a technical structure perspective, the daily chart has stabilized above the middle track support. After a peak at 69500, it has oscillated downwards. At the end of the week, it stopped falling and closed above the critical point, forming a head-and-shoulders pattern. Generally, the head-and-shoulders pattern will show a retracement to the neckline. When the candlestick retraces to the neckline, it is the last chance to catch the bus. Previously, we already advised everyone to enter positions for a wave and mid-term after the plunge on Saturday morning. If 65500 serves as strong support for this upward wave, then the previous high of 73000 is bound to be reached.
The monthly closing battle is also a new round of challenges. Next week may be accompanied by another retracement correction. Don't be afraid; buy more as it drops. Don't let yourself fall in the darkness before dawn. Our real trading plan has already started, and doubling is just the threshold; a 3-5 times increase in position size is the goal. Spaces are limited, first come first served, and the bus will depart when full. #Tether否认调查和制裁 #年底牛还熊? #战火将如何牵动加密市场? $BNB #加密货币市场持续震荡 #美国大选前行情观察 $BTC $ETH