10.20 BTC Intraday Market Update
BTC has been making frequent V-shaped reversals lately, but each rebound has been getting progressively weaker.
Yesterday, the weekly chart opened higher, while the daily chart saw a correction.
On pullbacks, focus on long positions and build a core position. If the structural support at 79,700 breaks, look toward the 78,800–78,500 range. 81,200 and 80,800 are key support levels within the consolidation range.
Today, watch whether the 4-hour chart forms a bearish death cross below the zero line at the noon close. For now, there is a rebound on the 15- and 30-minute charts.
For short-term shorts, be sure to use a stop-loss. Build long positions in batches. $BTC
BTC has been making frequent V-shaped reversals lately, but each rebound has been getting progressively weaker.
Yesterday, the weekly chart opened higher, while the daily chart saw a correction.
On pullbacks, focus on long positions and build a core position. If the structural support at 79,700 breaks, look toward the 78,800–78,500 range. 81,200 and 80,800 are key support levels within the consolidation range.
Today, watch whether the 4-hour chart forms a bearish death cross below the zero line at the noon close. For now, there is a rebound on the 15- and 30-minute charts.
For short-term shorts, be sure to use a stop-loss. Build long positions in batches. $BTC