Bitcoin market analysis on 10.19:

(I have been traveling recently, so there are very few updates. I only have time to update when I go to the hotel at night)

1. Bitcoin’s views are basically the same as yesterday’s. You can take a closer look at yesterday’s views.

2. At present, Bitcoin is likely to form a shock range, and the range will fluctuate widely between 27,500 and 29,500. If we narrow the range and look at it, it is 27700-29300. Of course, this is not important. Just saying to you. Above, I emphasized that 29,500 has been a very strong pressure area for three days. You also saw yesterday that the market price went up to 29100 yesterday, and then immediately fell due to selling pressure.

3. In the short term, there is a high probability that Bitcoin will still fluctuate within the range I mentioned, but there is no big chance for the time being. The probability of a sudden rise or fall is almost zero, except for black swans.

4. In the middle line, I still maintain yesterday’s view. I will slowly start to turn short since I have been calling bullish in September. Of course, this change will have a process and will not happen overnight. For example, it may be forced later. Waves and voids and similar situations. This is all normal. It is possible to place empty orders in batches on rallies.

5. Short-term, currently, in the short term, it is basically difficult to break 27500. The probability of breaking is very small, 10%? So the overall summary recently is that it is a shock.

6. Pay attention to copycats recently. There should be a small wave of opportunities for copycats. There is a 70% probability that there will be a small rebound.