October 12 BTC Market Analysis~~$BTC
A new weekly candle opened today. The weekly MACD slow line is turning upward, and the market trend is bullish.
The current move is a 16-hour rebound. The risk is that the daily chart is still at a high level.
If the price rebounds directly but the move fails to continue, it will very likely retest the daily chart’s support.
Personally, I still recommend focusing on buying dips. Consider small short positions only above 86,000.
The price retested 80,300 below, which is within the weekly support zone.
There was a rebound, but it was weak.
If you want to trade:
Below: 82828 81777 80800 78800
You can consider buying at any of these levels. Watch the risk if the price breaks below 78,000; don’t stubbornly hold on.
Resistance zones above: 84200 84500 85500 86600
In the current market, both longs and shorts can easily get caught out. Risk is high~~If you’re using a large position, be sure to manage your risk.
A new weekly candle opened today. The weekly MACD slow line is turning upward, and the market trend is bullish.
The current move is a 16-hour rebound. The risk is that the daily chart is still at a high level.
If the price rebounds directly but the move fails to continue, it will very likely retest the daily chart’s support.
Personally, I still recommend focusing on buying dips. Consider small short positions only above 86,000.
The price retested 80,300 below, which is within the weekly support zone.
There was a rebound, but it was weak.
If you want to trade:
Below: 82828 81777 80800 78800
You can consider buying at any of these levels. Watch the risk if the price breaks below 78,000; don’t stubbornly hold on.
Resistance zones above: 84200 84500 85500 86600
In the current market, both longs and shorts can easily get caught out. Risk is high~~If you’re using a large position, be sure to manage your risk.