#BTC Bitcoin Market Analysis 9.30
Bitcoin has pulled back from its peak for 8 days; it couldn’t even touch the previous high of 82000. The correction is relatively strong, so support-and-go-long remains the main strategy.
1) For downside support, 82000 and the range 81100-79600 can both be used to set up long positions. Due to the impact of daily chart divergence, this long setup is not expected to go far; the target is the area of the previous high.
2) The resistance zone 86000-90600 remains valid; you can consider opening short positions again.
Bitcoin has pulled back from its peak for 8 days; it couldn’t even touch the previous high of 82000. The correction is relatively strong, so support-and-go-long remains the main strategy.
1) For downside support, 82000 and the range 81100-79600 can both be used to set up long positions. Due to the impact of daily chart divergence, this long setup is not expected to go far; the target is the area of the previous high.
2) The resistance zone 86000-90600 remains valid; you can consider opening short positions again.
