October 30th. Yesterday almost broke a new high, currently hovering around 72,000, this is a dense area of chips oscillating. DJT Trump Technology is the current leader in the B circle; as long as it rises, Bitcoin and others will follow. However, this asset had a massive volume yesterday. Although it hasn't broken yet, caution is needed if it continues to increase in volume at high levels. Once it breaks, it will mean the end of the market. Besides that, MSTR also shows signs of stagnation, and at this time, Bitcoin is strongly bound.
Tomorrow evening is a critical moment, possibly a needle will be inserted. November 5th election results are basically set (within 3 days), which is a key time point. I do not dare to chase up at this position and choose to observe. The short-term support below is 70,890 and 70,000. If you want to go long, try to find a low position. If 70,000 breaks, it will return to the dense area of chips around 68,000. Yesterday, when Bitcoin surged, Ethereum and Solana were relatively weak. In the future, only when Ethereum starts to charge will the altcoins be able to make a solid comeback. The current situation is that as Bitcoin rises, altcoins hold steady, but when Bitcoin falls, altcoins all plunge. For now, altcoins will also be observed.
October 2 The big cake has now stepped back to a key weekly support, with weekly MA7 around 60,000.
The market has taken advantage of the negative impact of the conflict in the Middle East to clean up the bulls! The cottage has been in a mess for the past two days, and the bulls have been cleaned up clearly. Most of the bull leverage has been cleaned up. This position reminds the friends who missed the opportunity before to enter some cottage spot. In the future, pay attention to whether the Middle East conflict will escalate. If it escalates, it is entirely possible to reach 5.8w and 5.5, and then consider replenishing. If the conflict eases, then once this negative impact brings about the cleansing of profit-taking, there is a chance to replicate the upward offensive some time ago.
The news also has the siphoning effect of the big a on the circle. In general, there is a high probability of volatility in October. There will be a general election in November. It may start the market after the market leverage is cleaned up in October. From the weekly perspective, most cottages are still at low points. Look for opportunities to buy low and wait for the wind to come.
Today is Thursday. Pay attention to the CPI at 8:30 p.m., which is expected to be positive. Let's wait for the results. Bitcoin has gradually stood on MA7 in the past two days. 58,200 is still the short-term long-short watershed. It depends on whether CPI can stand on 58,200. There will be a chance to hit the 60,000 area in the future. Many cottages have rebounded in the past few days, but I always feel that there is a lack of volume. The overall market is temporarily volatile and tends to be bullish. Be patient and hold the currency. Bitcoin pressure is 68,500, 69,400, and 60,350. Support is 57,500 and 56,800.
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Bitcoin has been fluctuating around the daily MA7, which is a manifestation of a chaotic market. In the next two days (after the CPI node), we will see whether it can effectively break through MA7. Otherwise, we will temporarily view it from the perspective of fluctuation. The fluctuation area is 58200-54500. In the future, the market will move unilaterally in the direction of the breakthrough of this area. Pay attention to the fact that Ethereum has been reselling large amounts to exchanges. This is a weak data! There is room for adjustment. It is recommended to wait and see for the time being. If it does not break through 58200 today, it may fall back to 5.5.
Yesterday, Bitcoin failed to break the new low and held 5.5. Today, it has been counterattacking the daily MA7. The bulls in the entire market have become stronger. At present, Bitcoin has a double bottom in the four-hour period. It is trying to break through the trend line suppression at the hourly level. The suppression point is around 58100. If it closes above MA7 57500 tomorrow, Bitcoin may go up to the Bollinger middle track around 60700. In terms of news, pay attention to Germany's transfer of large amounts of BTC back and forth. If it crashes again, the technical analysis will be invalid. Many targets of Shanzhai are also testing MA7 today. The stronger ones such as EN have broken through first. If you continue to hold, the market has the opportunity to usher in a wave of rebound.
After the market rebounded for two days over the weekend, most of the gains of the coins have been cut by more than half. The big cake also hit the highest point near 58,300 and is currently falling back to 5.6. For the time being, this fallback is regarded as the second exploration. If the second exploration does not break 5.5, there is still room for fun. If it breaks again, the space below will open up again. You can take advantage of this fallback to absorb some goods if you still have a position. Those who have been trapped in the copycat should hold it first, and wait for the expectation of interest rate cuts in the future, and lie flat. To summarize the recent negative news, the German, American and Mentougou sell, which makes the market, which already has little liquidity, worse. At present, the old Americans have sold 3,000 coins, and Germany sells a few hundred coins every day. In fact, the impact is not great. The compensation of Mentougou is also a gradual process. In fact, the panic in the market is still due to lack of confidence and panic stampede. In the future, let's look at the CPI this Thursday. If it is lower than expected, then the probability of interest rate cuts in September will increase, which is a good thing. In addition, a joke, the World Cup is about to end, and those who sell coins to play football are coming back, and there will be expectations of return. Therefore, in the future rebound of Bitcoin, pay attention to the daily MA7 and the daily Bollinger middle track (key point). Before the Bollinger middle track breaks through, it is still a downward trend. Even if it rebounds, don't get too involved. Wait patiently for the market.
At present, the market is experiencing an oversold rebound. The news shows that Bitcoin ETF is beginning to flow in. There is also a Trump July Crypto Conference. The market is expected to sell off in Mentougou and has temporarily digested the panic around the 5.8 mark. The overall market has a chance to rebound. Focus on the ETH ETF on July 2. At present, the Ethereum system is obviously more resilient. ens ssv ldo op zk are all repeatedly mentioned as Ethereum-related currencies that are pushed to the bottom. You can choose your own points, but you don’t need to be heavy. In the future, Bitcoin and Ethereum will pay attention to the four-hour Bollinger middle track. The probability of a breakthrough is high, and there may be a rebound. The limit of Bitcoin is around 6.5-6.6, and Ethereum is around 3600. It is currently considered a rebound rather than a reversal. In the future, it will rebound at highs. . The next wave of trending market should wait until the market clearly cuts interest rates, there is water release, and market liquidity increases, so even if there is a rebound in the short term, you can’t get too deep into the game.
Recently, the market and the copycat market are quite separated. In the copycat market, retail investors and major players are not willing to take over each other, especially some new coins and those VC coins that are continuously unlocked, which have continued to fall and refuse to rebound. This situation should be avoided. In the subsequent copycat screening, try to choose fully circulated, market value cannot exceed 1 billion, and consensus liquidity is strong (daily trading volume ranks first).
Under the heavy adjustment of positions, the big cake has broken at present, and it may be even uglier next week. The market may enter a painful cycle, with a total of less than 50%.
Bitcoin is under pressure at the one-hour level of the touch chart today. It will reverse only if it breaks through in the future.
Bitcoin's daily line is obviously more critical with MA7 and MA120. It depends on whether this pressure can be overcome. The 7-day line is bullish. Strong support is near the weekly Bollinger middle track of 64200.
ORDI has been receiving funds today. I bought some in the morning and have not run it. I am going to take it and see. ORDI is also a line-drawing 🐶 dealer. The daily pressure line broke. The highest point of today's rebound is the resonance point of MA7 and the original trend line. If this resonance point can be broken in the next two days, it will further see around 50.