Market Analysis: $BTC (2026-10-8)
The first day after the National Day holiday saw a sharp drop followed by a gradual decline. It has now fallen below the important consolidation range I indicated. Below is the previous breakout rebound zone. If this position continues to decline slowly, I believe it likely won't hold‼️
If 82700 continues to break down, then look for consolidation and demand around 81700 below.
After the market broke down yesterday, I shorted and am still holding. Unless there is a four-hour candle close above 83500, intraday trading will not focus on longs.
The first day after the National Day holiday saw a sharp drop followed by a gradual decline. It has now fallen below the important consolidation range I indicated. Below is the previous breakout rebound zone. If this position continues to decline slowly, I believe it likely won't hold‼️
If 82700 continues to break down, then look for consolidation and demand around 81700 below.
After the market broke down yesterday, I shorted and am still holding. Unless there is a four-hour candle close above 83500, intraday trading will not focus on longs.