10.31 Morning Insights
The current trend of Bitcoin completely aligns with previous predictions. This is a technical corrective move after a significant decline. The two consecutive bullish candles on the hourly chart are pushing the price back to a reasonable range quickly. The KDJ indicator shows a continuous upward divergence after a golden cross of the three lines, while the MACD indicator indicates that short-term bearish momentum is gradually weakening. The short-term rebound trend is still ongoing, and there is still potential and space for further upward movement. Those who are aggressive can take a small long position, but be sure to defend and avoid holding positions against the market.
Long near Bitcoin 107300-106700, targeting 108500-110000
