$BTC #今日思路
At least a week of decline?
The trend of Bitcoin seems to be going straight without looking back, after being volatile at high levels for so long, a pullback can happen in an instant. Is this what they call the legendary October?
Actually, Bitcoin has already risen by nearly 10,000 points this month. Although it couldn't break 70,000, the continuous one-sided rise has sufficiently boosted market sentiment. Overall, October is still the same October, at least Bitcoin hasn't let everyone down.
There are a few days left in October, and there is still hope to reach 70,000. There is still space below this position at the daily level. The first resistance is around 66,500, and the strong resistance is at 66,000. If a short-term spike breaks below, then a new round of fluctuating pullback will begin.
In the short term, there are no stories to tell in the market. It is expected that the next movement will be a fluctuation range of about 1,000 points around 67,000, preparing for the upcoming November. The two strong narratives of the general election and interest rate cuts are worth looking forward to, as they may indirectly determine whether 2025 will be a bull market.
Trading strategy: The four-hour chart shows a bearish outlook, with a possibility of a pullback before the market opens. Those who like to trade short waves can watch 66,000, and the steady ones can wait there. If it doesn't hit that level, you can counter-trade from the current position.
If you want to seize this bull market, it's definitely too late to learn and sell on the spot; it's best to have someone guide you to quickly get started.
I am Old Li, welcome to communicate!
