Date: October 24, 2024

The market has briefly stopped falling, and the trend has not reversed. Focus on the resistance above and support below. Technical analysis on a daily level: Yesterday, the daily candlestick formed a long lower shadow, with the lowest point of the shadow reaching around 65100. The current price has returned above 66400. Currently, part of the bearish energy in the MACD indicator has been released, and the CCI direction is starting to rise, but a W-bottom reversal structure has not been formed yet, indicating that there is still room for the price to decline. Pay close attention to the support at the 64500-65000 platform; if it breaks below, watch the daily level Vegas channel around 62000. If a bottom forms around 66500 and begins to break upwards, then resistance can be observed at 69000-71000. On the 4-hour level: The 4-hour CCI is oscillating between +100 and -100, MACD has a golden cross, the Vegas channel is gradually flattening, and the price is above the EMA15 support, indicating the possibility of continued upward movement today. $BTC #分析行情