On Saturday, October 26th, analysis of Bitcoin's midday strategy!
From a technical structure perspective, on the four-hour level, the running channel continues with a narrow downward trend, with prices fluctuating weakly downwards, without forming a significant rebound. The volume is aligned in a weak bullish pattern, and the moving averages consistently show a downward trend, indicating that the short-term remains in a bearish dominant state.
On the daily level, the running channel continues to trend downwards, with prices maintaining a weak consolidation. In the upper middle range, after a plunge, there has been no effective rebound. Bearish volume continues to decline, and the moving averages have not showed significant upward coordination. Personally, I still favor a bearish outlook initially this week, and whether the market can recover after a rebound needs to be followed up after support is established.
Personal trading advice for Bitcoin: short near the 67200 area, targeting 66700-66200. If it breaks through, further downside is possible!#加密货币市场持续震荡 #战火将如何牵动加密市场？ #Tether否认调查和制裁 #年底牛还熊？ #美国大选前行情观察 $BTC $ETH
