Today is Friday, right in time for the weekend—sure enough, there’s been a pullback. To see 90,000, you need to effectively hold above 87,000. At 8:30 tonight there’s also an important NFP data release. Before the data comes out, expect some pullback—be careful of a sell-off later tonight.
Post
ruoyu cole
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After Bitcoin has fallen from its peak, it has been consolidating for 8 days. In the past two days, it has been ranging and oscillating within 82,000–84,800, struggling to move higher or lower—market action is rather frustrating.
Maintaining the earlier judgment: as long as there is no body close below 81,500 (a short-term wick/bearish spike does not count as a valid breakdown), there is still a chance for a rebound to challenge the prior second-high point, with a target around 87,000.
Tonight, pay close attention: at 20:30, relevant data will be released. Be wary of funds using the news to drive price action—first selling off to drop and wick for a washout, then a reverse push higher, breaking above the 84,800 resistance level;
If this plays out, it will most likely occur during the National Day holiday—this Friday, or October 5 (next Monday)—when this wave of a new second-high point is pushed out.
Maintaining the earlier judgment: as long as there is no body close below 81,500 (a short-term wick/bearish spike does not count as a valid breakdown), there is still a chance for a rebound to challenge the prior second-high point, with a target around 87,000.
Tonight, pay close attention: at 20:30, relevant data will be released. Be wary of funds using the news to drive price action—first selling off to drop and wick for a washout, then a reverse push higher, breaking above the 84,800 resistance level;
If this plays out, it will most likely occur during the National Day holiday—this Friday, or October 5 (next Monday)—when this wave of a new second-high point is pushed out.