On October 15, Bitcoin surged in the short term and reached the first strong resistance of 66,000. What will happen next?
📌01 Yesterday's Review
BTC: Yesterday's lowest point was 62,420, the highest point was 66,533, the fluctuation was 4,113, and the amplitude was 6.2%
ETH: Yesterday's lowest point was 2,442, the highest point was 2,653, the fluctuation was 211, and the amplitude was 8.6%
📌02 Today's Analysis
BTC
Bitcoin is currently 65,900. As mentioned on the 11th, Bitcoin reached the end of the triangle convergence, and a big fluctuation is coming. Then it rose from 61,000 to 63,000 that day, and then reached the resistance of the parallel channel. After breaking through the resistance, it reached the current 66,000! Bitcoin has a small pullback near the resistance, but the pullback is not strong, so the probability of continuing to move upward in the future is very high. The short-term support below is 64,500, and the upper resistance is 68,200!
Bitcoin short-term resistance: 68200
Bitcoin short-term support: 64500
ETH
The current price of ETH is 2601, the POC support is 2550, and the Bollinger Band + downtrend line resistance is around 2680. You can make a profit at the support position after the correction.
Bitcoin short-term resistance: 2680
Bitcoin short-term support: 2550
📌03 Article summary
Bitcoin has soared in the short term. In the entire large rising flag pattern, the resistance position is around 69000. If it breaks through 70000 in the future, it can directly see around 86000. However, for the time being, we can only set the target around 69000, and then decide according to the situation.
