[Market Analysis on October 10, 2023]
[Opinion]: Yesterday, BTC fell and retraced its support near 27200. ETH oversold in a short period of time and rebounded slightly today. However, the rebound has no volume. Whether the bull volume can be sustained (at least the main bull momentum has not been seen yet), we still have to go high. Lord!
BTC is backed by pressure 27900-28200 and can be short
Although the short order of BTC was not placed yesterday, it is not a pity. My personal operating style is to seek stability and would rather miss it! But this morning it suggested that you can open a short position on storj, with a profit of more than 8 points. The current fundamentals of the storj project are open for shipment. The closing of the stock market just 4 hours ago has a very full negative line. You can first take profit by 20%, and continue to hold the remaining 80%. To around 0.41-0.42!
[Daily level]: The support near BTC27200 is temporarily effective. There is a slight rebound but there is no trace of the intervention of the main bulls. There is no continuous long entry, and only some short orders have taken profits.
[4-hour level]: The box range of 27100-28600 is still oscillating. It is necessary to observe whether the high point of the band moves downward, especially near the resistance level!
[Summary]: Above the central axis of the box area, you can only go high, and you must not open too high!
(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]: Yesterday, BTC fell and retraced its support near 27200. ETH oversold in a short period of time and rebounded slightly today. However, the rebound has no volume. Whether the bull volume can be sustained (at least the main bull momentum has not been seen yet), we still have to go high. Lord!
BTC is backed by pressure 27900-28200 and can be short
Although the short order of BTC was not placed yesterday, it is not a pity. My personal operating style is to seek stability and would rather miss it! But this morning it suggested that you can open a short position on storj, with a profit of more than 8 points. The current fundamentals of the storj project are open for shipment. The closing of the stock market just 4 hours ago has a very full negative line. You can first take profit by 20%, and continue to hold the remaining 80%. To around 0.41-0.42!
[Daily level]: The support near BTC27200 is temporarily effective. There is a slight rebound but there is no trace of the intervention of the main bulls. There is no continuous long entry, and only some short orders have taken profits.
[4-hour level]: The box range of 27100-28600 is still oscillating. It is necessary to observe whether the high point of the band moves downward, especially near the resistance level!
[Summary]: Above the central axis of the box area, you can only go high, and you must not open too high!
(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)