Bitcoin Early Morning Thoughts

江枫 · 2023-10-09T16:20:48.000Z

Bitcoin Thoughts in the Morning After Bitcoin rebounded to the 28,200 line last week, the market has been in a volatile trend for two days over the weekend. The market has been in a volatile downward trend in the morning. Currently, Ethereum has fallen below the 1,600 line, with the lowest falling to the 1,570 line. , while Bitcoin failed to fall below much, from the daily chart, Ethereum fell below the daily mid-range line, and the lower support is at the 1560 line. The market has now come out of the decline, and multiple orders are placed at the low level below, which is more stable. As for this wave of decline, the market is probably a roller coaster trend. It is recommended to place orders for Bitcoin and Ethereum in the evening. The operation recommendation is to go long at 27200-26900, with a target of 27700-282001570-1550, with a target of 1620-1670

Bitcoin Early Morning Thoughts
After Bitcoin rebounded to 28,200 last week, the market has been in a volatile trend over the weekend. The market was in a volatile downward trend in the morning. Ethereum has now fallen below 1,600, and has fallen to 1,570, while Bitcoin has not fallen much. From the daily chart, Ethereum has fallen below the middle track of the daily line, and the support below is at 1,560. The market has now gone out of the decline, and it is more stable to arrange long orders at the low level below. In this wave of decline, the market is probably a roller coaster trend. It is recommended to arrange orders for Bitcoin and Ethereum in the evening.
Recommendations
27200-26900 long, target 27700-28200
Long position at 1570-1550, target at 1620-1670