[Market Analysis on October 8, 2023]
[Opinion]: Today, BTC 27800-28200 fluctuates and is bearish. It is only recommended to go high, and it is not recommended to go long!
Point: 28400-28600🈳️
Stop loss: 28900
[Daily Line Level]: On October 6, BTC closed an outside positive line, but the upper shadow line accounted for half of the entire K line, and the closing line on October 7 was an inside cross star, so we can see the daily line In the consolidation stage, the bulls are unable to follow up the upward attack, and there are multiple long upper shadow lines above, proving that the selling pressure is relatively heavy. It is a wise choice to go short on rallies within the range!
[4-hour level]: Consolidating at the central axis of 27100-28600, there is a chance of rising slightly to 28400-28600. At that time, the price-performance ratio will be excellent. If the loss is below, there is still a chance to reach 25200.
[Summary]: Maintain yesterday’s view, focusing on high altitude, and it is not recommended to go long, because the current market situation shows that the upside space is extremely limited, and there is no need to place a long order for the profit of a fly staring at shit!
(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends in the long bear market, welcome the valuable opinions and views left by Lao Tie)
[Opinion]: Today, BTC 27800-28200 fluctuates and is bearish. It is only recommended to go high, and it is not recommended to go long!
Point: 28400-28600🈳️
Stop loss: 28900
[Daily Line Level]: On October 6, BTC closed an outside positive line, but the upper shadow line accounted for half of the entire K line, and the closing line on October 7 was an inside cross star, so we can see the daily line In the consolidation stage, the bulls are unable to follow up the upward attack, and there are multiple long upper shadow lines above, proving that the selling pressure is relatively heavy. It is a wise choice to go short on rallies within the range!
[4-hour level]: Consolidating at the central axis of 27100-28600, there is a chance of rising slightly to 28400-28600. At that time, the price-performance ratio will be excellent. If the loss is below, there is still a chance to reach 25200.
[Summary]: Maintain yesterday’s view, focusing on high altitude, and it is not recommended to go long, because the current market situation shows that the upside space is extremely limited, and there is no need to place a long order for the profit of a fly staring at shit!
(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends in the long bear market, welcome the valuable opinions and views left by Lao Tie)
