October 23rd, Wednesday, Bitcoin Evening Strategy!
I believe that in this world, everyone's fate is in their own hands. No matter how many difficulties we face, as long as we persist and work hard, we can definitely change our destiny.
From a technical perspective, at the four-hour level, the running channel continues to exhibit a narrow downward trend, with prices oscillating and continuing to decline weakly, without forming a significant rebound. The volume is arranged in a weak bullish shape, and the moving averages are consistently trending downward. The short cycle still shows a bearish dominance.
At the daily level, the running channel maintains a downward continuation, with prices undergoing weak consolidation. In the mid-to-upper channel area, after a drop, there is no effective rebound. The bearish volume continues to contract, and the moving averages have not shown significant joint upward movement. Personally, I still favor a bearish approach this week, and whether there will be a rebound to reclaim levels will need to be followed up after confirming support.
Bitcoin personal trading suggestion: Short near the 66800 area, targeting 66000-65800. If it breaks through, we can continue to look downward!