10.30, Bitcoin charges ahead, facing resistance at previous highs

Recently, Bitcoin's soaring momentum has completely stirred up the market's sentiment. Currently, we see Bitcoin's previous high around 73,700, which attempted to breach the previous high at 736 in the early morning, clearly encountering unprecedented resistance. Unlike before, this time there has been a 2,000-point retracement, something not seen prior to this rally. Therefore, regardless of the situation, this position should be taken seriously.

From the 4-hour level, after experiencing a wave of consecutive upward movements, the market is currently in a retracement phase. During the previous consecutive upward trend, although upper space was opened up, short-term bullish volume once showed an increase, and overall market sentiment had a clear warming sign, testing movements towards the high-pressure point. However, the current retracement indicates that the market has entered an adjustment period.

The current retracement does not mean the end of the trend, but may be a buildup for subsequent movements. In this situation, we need to closely monitor market trends. Although we are currently in a retracement, if the adjustment rhythm is reasonable and continuity is maintained, then it is still possible for a similar upward trend to emerge again in the future, and there could even be a significant bullish breakout.

During the retracement phase, we should not be overly pessimistic but remain rational. We can take advantage of any market pullback opportunities to carefully analyze and assess, looking for suitable timing to follow up with long positions. Because from a long-term perspective, the market's upward trend may still continue; the current retracement might just be temporary.

Operational suggestion: Pay attention to Bitcoin's bottom at 70,800. If this level breaks, it may reverse, and further declines could be anticipated. Auntie's sync #美国职位空缺降至3年来最低水平 #BTC突破7W1 #比特币布林带收窄至低水平 #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH