Market analysis📈
BTC disk analysis on October 9
The weekly line closes at the end of the doji, and both bulls and bears continue to fluctuate. Although the small range has moved upward, the unilateral trend still needs greater news resistance. Currently, the bulls are running at the middle and high level of the range, and the daily line also maintains the top of the upper track, which is difficult to break through for a long time. .
This trend does not mean not to go long, but it does not suggest short-term thinking to chase highs. What is more important this week is the landing of CPI. Before that, the resistance near 28700 is still effective. If support is established below, there will inevitably be a push back. The process can be carried out around the high-altitude direction on Monday.
BTC disk analysis on October 9
The weekly line closes at the end of the doji, and both bulls and bears continue to fluctuate. Although the small range has moved upward, the unilateral trend still needs greater news resistance. Currently, the bulls are running at the middle and high level of the range, and the daily line also maintains the top of the upper track, which is difficult to break through for a long time. .
This trend does not mean not to go long, but it does not suggest short-term thinking to chase highs. What is more important this week is the landing of CPI. Before that, the resistance near 28700 is still effective. If support is established below, there will inevitably be a push back. The process can be carried out around the high-altitude direction on Monday.