On October 24, Bitcoin's recent trend is likely to continue in a volatile pattern; do not fantasize about a significant one-sided movement.

CN
6 hours ago

As long as you run, the world will run with you; as long as you stop, the world will abandon you to run alone. Only when you determine a direction and run hard, will the world make way for you.

Market fluctuations bring joy to some and sorrow to others, which is why everything has two sides. Yesterday, my perspective was bullish at a low point, but midway I thought about a short position and was unable to achieve that. Fortunately, with years of experience, I decisively corrected my view and continued to be bullish. The price has gradually risen over time, continuously validating the bullish hypothesis. Now, let's continue to analyze the current market trend.

On the four-hour level, the price has currently broken through the middle track and is stabilizing above it, with some space above. Other indicators are also turning upwards, making the middle track a support point in the short term. Therefore, a pullback during the day can be seen as a bullish opportunity, with resistance at the 112300 level. If the market does not break through, it may still remain in a wide range of fluctuations, so we should not look for too large of a unilateral pattern in the short term. The intraday trend may lean more towards a rise followed by a fall.

Thus, during the day, we can wait for a pullback near 109800 to look for a bullish move to the 112000 level, and if it breaks through, we can look at the 113000 level. If it reaches the 113000 position, we can consider a reversal to a short position, targeting the 109000 level. The points are for reference only.

Follow the public account, what can relieve worries, only Jiang Wei.

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