Market analysis📈

BTC disk analysis on October 8

The market did not move much over the weekend. After one day on Saturday, the market only had room for a narrow range of more than 100 points, and it has been fluctuating around the hourly range.

In the 4-hour chart, you can see the third line of the Bollinger Bands, which is opening upward. However, there is currently a closing Yin K cross star and a heart of dusk signal. It is bullish to turn back in the short term.

It will fluctuate above 28,000 at the opening of the market today. We will focus on this point today. The hourly level indicator macd is expected to form a golden cross above the water. With the K-line breaking through the Bollinger Band, if it opens upward, there is a probability that it will hit 28,500 again tonight. On the market It looks like the performance is pretty good, but I’m not sure whether there will be such heavy volume in the market over the weekend. I’ll be patient and observe, continue to hold short orders, and be notified of leaving the market.