Wednesday, October 16, Bitcoin midday trading analysis!

From the one-hour chart, the price fell and recovered, and the middle track fell under pressure. The middle track formed a downward trend. The short-term volume was reduced and did not turn to long. The moving average trend was glued together. The short-term recovery strength was limited. There was too much shock sentiment, but there was still a certain demand for downward exploration. For the next idea, we mainly focus on low and long.

From the four-hour chart, the running channel maintained a narrow range of shocks. The long and short volumes did not form a unilateral release. The moving average trend was also relatively gentle. The shock sentiment in the small cycle was strong. There was no sign of a breakthrough at this stage.

Personal operation suggestion for Bitcoin: long around 66700, with a target of 67200-57700. Breakthrough continues to look up! #Meme浪潮持续，你看好哪一个？ #美国大选如何影响加密产业？ #BTC能否站稳6W6 #Canary提交莱特币ETF申请 #特斯拉转移比特币 $BTC $ETH