Date: October 29, 2024 Bullish trend confirmed, identifying true breakouts and false breakouts.
Technical Analysis Daily Level: Yesterday, it was mentioned that CCI formed a W bottom in the +100 range, which, from a technical perspective, has a probability of a large bullish candle breaking resistance. This has currently received initial validation. The bullish trend can only be confirmed if the price breaks through resistance and holds above the previous high. If the price does not fall below the previous high of around 69,500 during the day, the bullish trend is established. The target for the continuation of the bullish trend is the Fibonacci 1.382 level at the daily level (around 73,300). If it directly breaks below the previous high and continues to fall, it indicates that the breakout may be a false breakout, which is a trap set by market makers. At that time, attention should be paid to whether there is a possibility of reversal, with support at the Fibonacci 0.79 level (around 67,500).
4-Hour Level: The 4-hour Vegas channel is still running upwards, indicating a bullish trend. CCI is above the +100 area, indicating strong buying pressure. The Vegas channel is operating in the 65,500-66,000 range, where there is support.
Date: October 28, 2024 End of consolidation phase, trend market about to explode, pay attention to key support and resistance levels. Technical Analysis Daily Level: Yesterday's daily bullish candle engulfed the previous day's bearish candle, indicating strong bullish power. The price is supported near EMA15, which is trending upwards. CCI has formed a W bottom in the +100 range, indicating an impending bullish trend. Currently, the price is at 68000, with previous high resistance at 68800 and 69500, as well as a heavy resistance zone at 69000-71000. If a large bullish candle does not strongly break through the resistance above, watch for potential reversal signals. Support below is in the 65000-65500 range and near 62000. 4-Hour Level: The 4-hour Vegas channel is still trending upwards, with CCI fluctuating between +100 and -100. EMA15 support and resistance have switched roles, with short-term support at 67500 and strong support around 65500. $BTC
Date: October 26, 2024 Market trends towards oscillation and adjustment, focus on the support below. Technical Analysis Daily Level: Yesterday's daily K-line formed an engulfing pattern, swallowing the bullish K-line from the day before, which is a negative signal for bulls. If tomorrow's closing forms a bearish K-line, the engulfing pattern will be established, and the price will continue to dip. In terms of moving averages, the angle of the daily Vegas channel has started to rise, with the price supported near the EMA15, but the EMA15 moving average is flattening and could break down at any time. Pay close attention to the support area below 65000-65500; if this support is broken, look to the Vegas channel around 62000 for potential support and rebound formation. The upper resistance is 68800 (short-term double top). 4-Hour Level: The 4-hour chart has repeatedly tested the upper edge of the Vegas channel, and the angle of the EMA15 moving average has begun to trend downwards, forming resistance. The short-term rebound high point is around 67300, with support below at the Vegas channel 65000-65500. #盘整行情分析
Date: October 26, 2024 The market is trending towards a volatile adjustment, with a focus on the support below. Technical Analysis Daily Level: Yesterday, the daily K-line formed an engulfing pattern, which engulfed the bullish K-line from the day before, signaling a disadvantage for the bulls. If tomorrow's closing forms a bearish K-line, the engulfing pattern will be established, and the price will continue to decline. In terms of moving averages, the angle of the daily Vegas channel is starting to trend upwards, with the price supported near EMA15. However, the EMA15 moving average is flattening, making it susceptible to a potential breakdown. Pay close attention to the support area of 65000-65500 below; if this support is broken, look for support around the Vegas channel at 62000 to see if it can rebound. The upper resistance is at 68800 (short-term double top). 4-Hour Level: The 4-hour chart has repeatedly pierced the upper edge of the Vegas channel, and the angle of the EMA15 moving average is starting to trend downwards, forming resistance. The short-term rebound high is around 67300, with support below at the Vegas channel 65000-65500. #行情分析
Date: October 25, 2024 The market shows a V reversal, testing key bullish and bearish battle positions again. Technical Analysis Daily Level: Yesterday's daily chart showed a V reversal, closing with a bullish candle, with the upper shadow peaking around 68850. It tested the key bullish and bearish battle position (the closing price of the standard price in the institutional arbitrage model, 68393), but ultimately closed below that level. CCI remains above +100, and the current price still has upward potential. 4-Hour Level: The 4-hour CCI remains within the oscillation range of +100 to -100, with MACD golden cross maintained above the zero line, and the price standing above the EMA15 moving average. Today's price may pull back to the neckline of the V reversal pattern, which coincides perfectly with the Fibonacci 0.382 (67050) to 0.5 (67470) range. If the price finds support here, it will attempt to break through the key bullish and bearish battle position (68393) again. #Bitcoin#BTC#MarketShare#TrendPrediction#DailyShare
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
Date: October 23, 2024 The market has not yet stopped falling, with a focus on the support below. Technical analysis at the daily level: yesterday, the daily line formed a doji near the previous high of 66700, indicating a rebound, but no signal of a stop in the decline has formed. Currently, the MACD indicator has formed a death cross, and the CCI is gradually entering the oscillation range from +100 to -100. The 66700 support may be broken in the short term, with a focus on the rebound from the 64500-65000 platform. At the 4-hour level: the 4-hour CCI has returned to the oscillation range of +100 to -100, the Vegas channel is gradually flattening, and the bullish trend on the 4-hour chart is gradually being digested. The 64500-65000 platform serves as a Fibonacci support level and a support level for the Vegas channel. If the price reaches this area, a strong rebound may occur. #行情分析
Daily Market Analysis Date: October 22, 2024 The market is experiencing a reversal, with a focus on the support levels below.
Technical Analysis Daily Level: Yesterday's daily candle closed as a large bearish K with a short lower wick, indicating strong bearish momentum. The MACD indicator has formed a death cross. If you want to short, you can look for intraday highs to set up short positions. Currently, the market is finding support near the Fibonacci level of 66700, and there has not yet been a signal of a stop in the decline, with potential further decline towards the 64500-65000 range.
4-Hour Level: The 4-hour CCI has returned to the oscillating range of +100 to -100, with the Vegas indicator reaching the 64500-65000 support level, forming strong support. Currently, the market price has broken below the support level from yesterday, and there is likewise no signal of a stop in the decline on the 4-hour level, suggesting that prices may continue to drop. Bearish targets can continue to focus on the lower platform in the 64500-65000 range. #盘整行情分析