【2024-10-30 BTC Trend Analysis】

Today I will discuss the current trend and situation of Bitcoin. This recent pullback in Bitcoin is likely to continue, currently hovering around the position of 72679.4-71459.7, which indicates a consolidation phase before the pullback.

Fans who have invested in spot trading these days should pay attention. If this pullback does not break the position of 690283, it is likely to continue rising. This round of increase is very likely to break the historical high of 74017.9 and set a new record. Currently, it is not recommended to open new positions. This pullback in Bitcoin may cause a small cycle of decline in altcoins, and if this defensive position is broken, it is highly likely to continue downward. Everyone's long positions should reduce their holdings.

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