10.29 Bitcoin Market Analysis

Wow! Bitcoin has really surged this time, directly breaking the important threshold of 70,000. At this critical price point, everyone should think twice before shorting.

For long positions, conservative investors can appropriately reduce their holdings, but you can still hold on.

The current situation is as follows:

First scenario, upward breakthrough:

If Bitcoin can break through 72,000, that would be impressive, and it could potentially trigger a one-sided upward trend. It would be like a fast train gaining full speed, directly rushing into a higher upward channel, leading to significant profit potential.

Second scenario, encountering resistance and falling: 👉BNB0098

If Bitcoin encounters resistance at the upper track and then falls below 68,200, that situation would not be very good, and it would enter a deeper bottoming process.

Overall, Bitcoin long positions can continue (reduce holdings) to be held. Let's take a gamble on this wave of big profits. As long as it can directly break through the upper track and not fall below 68,200, we don't have to worry about the end of the upward trend or the headaches of deep bottoming. Let's wait and see! $BTC

#BinanceBlockchainWeek #比特币布林带收窄至低水平 #BTC可以站稳7W吗 #BTC触及7W #狗狗币创数月新高