Bitcoin 10.18 evening analysis
It is normal for the market to fluctuate slowly on Friday. Now is the time to test your patience.
Up to now, as long as you entered the market when I first proposed shorting at 68,000, you should have turned over your position. Of course, many friends with small positions cannot afford it without financial strength and may have been waiting and watching. Those who went long at 68,000 are actually no different from surrendering. A slight difference in thought may lead to disastrous consequences. Obviously, the focus of everyone's consideration at present is still the gains and losses of 68,500. It has been fluctuating narrowly below this position for 3 days, and as of this moment, the bitcoin is still struggling around 68,000.
Many people simply don't understand why the price of this currency has been rising. Indicators are useless. The technical pattern is also broken across the board. There is no top in sight, so they chase high positions. The rising speed of the market is not very violent, and the continuation is not strong, otherwise it would not have been oscillating at the position of 68,000. So you have to follow the trend. High-level shorts are the best operation option. It is meaningless to go long. But now that the market has reached the end of the week, you need to pay attention, because the market will not always rise without falling. That is definitely not a good thing, and it is also against objective laws. One yin and one yang are the way. The K-line must fall back. At this time, you need patience and calmness. Qicheng still insists on being bearish during the day. It must fall by at least 5,000 points before you can go long with a light position. It's that simple, and it's not uncommon to have a small waterfall of 2,000 points on Black Friday today.
In the 4-hour chart, the price of the currency is rising in a step-like manner, with short-term support at 65600. There is still pressure near 68500 above, and it is normal to have a short-term correction at this position.
We explained to you yesterday that our trend is bearish, but you still need to pay attention to entering and exiting the market in the short term. Even if it is a bullish upward trend, it cannot rise in a straight line.
When it reaches the pressure level or support level, which we call the intensive trading area, that is, when the market reaches a consensus, there will be a battle between bulls and bears, and repeated tug-of-war.
When Bitcoin reaches 68,000, it will be the first entry point for short orders. I said that if we don’t see the number starting with 3 this year, we must at least see the number starting with 4 once.
Bitcoin is just a virtual currency, one hundred thousand, two hundred thousand, what are you thinking? #BTC要挑战7W大关了吗？ #特朗普家族加密项目 #美国大选如何影响加密产业？ #特斯拉转移比特币 #美股财报季来袭