Summary of the day

Thoughts at noon on October 14

Now the price of bitcoin has reached a critical decision time again. Last week, the overall market basically took a deep V. Where it fell, it rose back. At the end of last week, after bitcoin probed above 63,000 several times, it fell back under the pressure of 63,500. This is already very obvious. Today, Monday, the price of bitcoin is still fluctuating under the strong pressure of 63,500. It is expected to be difficult to break through in a short period of time. In addition, from the general direction, the daily moving average has signs of a golden cross. The important support during the day is located at the middle track of the daily line, and this is also the intersection of the moving average. Once it breaks down here, the price of bitcoin is expected to continue to open up the space for falling back and test the area below 59,000 again. Therefore, the recent operation is not optimistic about the short layout. In fact, the rebound in the morning is a good opportunity to get on the train and short, so don't hesitate when you should act decisively. The recent market is to have a firm mindset to have a way out, don't waver. Today, we will focus on the strength of the European session. If the European session is strong, we will follow the long position once if the market retreats before the US session; if the European session is weak, we will follow the short position once if the market rebounds before the US session. Today, we will judge the US session based on the strength of the European session. In terms of operation, we will continue to be bullish, supplemented by short positions at high levels.

Bitcoin: 63500-64000 long. Target 64600-65000
Ether: 2480-2520 long. Target 2580-2620
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