Dear readers and friends, good afternoon, today is Tuesday and the last day of October. Let me summarize, have you brothers and sisters gained a lot this month? Of course, those who have read Mumu’s articles know that whether it is big cake or cottage (ATOM, BLZ, TRB, GAS), I have always made accurate analysis! I believe that friends in the group have also gained a lot!
Let’s talk about Bitcoin. After continuous K-line consolidation, the daily line has tested 34,800 and fallen back many times, which has caused many friends to have doubts.
At present, the daily K-line structure is in a state of contention, with a yin-yang oscillation, and the high-level oscillation lasted for a full 7 days. This situation sends a strong daily reversal signal for the trend of BTC.
From a technical perspective, the KDJ indicator is fluctuating at a high level, the MACD energy column is shrinking, and the trading volume is also shrinking. These signs indicate that the market is adjusting and the possibility of a decline is high. In addition, the 5-day moving average on the moving average turns downward, which also suggests that the market may fluctuate downward.
BTC operation suggestions: (dry stuff)
In view of these technical analysis, there is no big problem in choosing to go long at a low level. The support level below is 32200. Recently, the price of Bitcoin is infinitely close to the 0.382 moving average position (36009). After standing firmly at this position, the bull market will continue to rise.
Friends who don't have the stock in hand should not worry, there will definitely be a callback, don't operate recklessly, if you miss this opportunity, you will miss it. The next callback is a good opportunity to enter the market again. I hope all friends can catch up with this bull market, with big cakes in hand, the future is promising!
In this industry, if you are in the wrong circle, all your efforts will go to waste! It is important to embrace a professional circle! You will be able to take off and turn around quickly!