📊 Technical Analysis
▪️BTC/USDT Timeframe D1
BTC's price decline lasted for 4 days, including 2 days of sharp decline. Although there was a recovery on October 2, immediately after returning to retest the resistance at $62.4xx,#BTCturned around and closed the daily candle at $60.649, forming a Bearish Pinbar candle, showing that the Bears are completely in control of the market.
However, these are still just pump dumps at the peak, the wave structure of#BTChas not changed.
▪️BTC/USDT Timeframe H4
At the time of writing, the price of#BTChas recovered to $60,600 after the Bears had the next push down to $59.8xx. Notably, yesterday's 23h H4 bar was a Bearish outside bar after touching the resistance of $62,400, showing great selling pressure above.
Futures brothers' plan on October 3 is the same as yesterday, wait for short at the resistance above and go long when touching the Price Pivot Zone below.
A Teo views that next week there will be a big wave, in October the main thing is price reduction, in November news will start to be pumped out and#BTCwill recover to near ATH $72k by the end of the year, what do you think about this hypothesis, please comment and give your opinion!
▪️Marks to note: 55500 - 57500 - 59200 - 60000 - 62400 - 64100 - 64700 - 68000
* The above is purely personal opinion, not investment advice!
#Vietnamcryptotrading #Write2earn
$BTC
