[Disk analysis on October 5, 2023]

BTC started from 24888 to 28600 and went through a wave of equidistant ABCD. Yesterday, it also pulled back to around 27100-27300. It cannot break below. There is reason to see a rebound. However, the selling pressure above 29000 is too heavy and the distribution time is too long. 28800 The area between -29800 can be said to be a strong selling pressure zone. Although the long position has been opened at 27250, due to the above factors, I personally choose to take half of the profit near 27750, and put the stop loss at the opening price anyway. The overall loss is also earned, there is no capital trading, just make less, it is better than stopping the profit roller coaster and losing money. Although there is a chance to break 28600 in five waves, but it is not my style and I will not do it (personal preference likes to play it safe)

As for eth, it is relatively weak. This is also the reason why I left eth at the original price. Although I personally think that there will be a wave of copycat seasons, it is only a subjective opinion. Subjective opinions and obsessions are the most taboo when signing a contract. It depends on today and tomorrow. , if the copycats can stabilize and rebound today and tomorrow, and btcdom starts to decline, then we will consider the copycat season. The current trend does not support a wave of copycat seasons. If eth can stand and stabilize at 1670 today and tomorrow, the copycat rotation is still a bit Hope, otherwise it will still turn into bearish!

[Summary]: At present, Bitcoin is still bullish in the short term. Note that it is bullish in the short term. It is just a rebound, not a reversal. Bitcoin has taken half of the profit, and continues to hold the remaining half, and moves the stop loss opening price upward!

(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, and accept all advice. It is not to show off. I don’t bring orders. The transaction is my own. Bringing orders and following them will lead to nothing, just to create more like-minded people in the long bear market. Friends, welcome your valuable comments and opinions.)