10/22 Bitcoin Market Analysis:
From the daily perspective, a large bearish candlestick has formed, with the KDJ forming a dead cross at a high level and diverging downwards; this pullback is far from its current extent. In the long term, the price may drop to 66000 or 65000.
On the four-hour level, the Bollinger Bands are beginning to open downwards, the KDJ three lines continue to extend downwards, and the MACD bears continue to increase in volume. Yesterday's rebound failed to stabilize at 68000, and the previous support level has turned into a strong resistance level. The lower Bollinger Band currently shows no signs of stopping the decline, nor is there any effective support, indicating strong bearish performance. Today, high short positions are recommended.
Trading Suggestions:
Short Bitcoin in the 67700 - 67400 range, with a target of 66000.
Short Ethereum in the 2670 - 2660 range, with a target of 2600.
