10/29 $BTC Market Update:
It fell again. I give up.
It only went up this much.
All I can say is, the FOMC meeting brought no surprises.
From a technical perspective, there’s still a chance of a major rebound. Two possibilities:
1. It pulls back to the 794–800 support zone, consolidates, then continues to rebound.
2. It drops below the 791 support level, then makes a V-shaped rebound.
Rebound target: 825–840. DYOR.
All we can do is strictly manage our stop-losses and take-profits.
Trading requires iron discipline if you want to last.
Next, keep an eye on tonight’s U.S. Core PCE data and the results of the U.S. midterm elections on November 3. Let’s be patient and give it time.
It fell again. I give up.
It only went up this much.
All I can say is, the FOMC meeting brought no surprises.
From a technical perspective, there’s still a chance of a major rebound. Two possibilities:
1. It pulls back to the 794–800 support zone, consolidates, then continues to rebound.
2. It drops below the 791 support level, then makes a V-shaped rebound.
Rebound target: 825–840. DYOR.
All we can do is strictly manage our stop-losses and take-profits.
Trading requires iron discipline if you want to last.
Next, keep an eye on tonight’s U.S. Core PCE data and the results of the U.S. midterm elections on November 3. Let’s be patient and give it time.
