Date: October 25, 2024

The market shows a V reversal, testing key bullish and bearish battle positions again.

Technical Analysis

Daily Level: Yesterday's daily chart showed a V reversal, closing with a bullish candle, with the upper shadow peaking around 68850. It tested the key bullish and bearish battle position (the closing price of the standard price in the institutional arbitrage model, 68393), but ultimately closed below that level. CCI remains above +100, and the current price still has upward potential.

4-Hour Level: The 4-hour CCI remains within the oscillation range of +100 to -100, with MACD golden cross maintained above the zero line, and the price standing above the EMA15 moving average. Today's price may pull back to the neckline of the V reversal pattern, which coincides perfectly with the Fibonacci 0.382 (67050) to 0.5 (67470) range. If the price finds support here, it will attempt to break through the key bullish and bearish battle position (68393) again.

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