On October 26, Saturday, Bitcoin midday analysis!
From a technical structure perspective, at the four-hour level, the running channel continues to maintain a narrow downward trend, with prices oscillating weakly and continuing to decline, without forming a significant rebound. The volume shows a weak bullish arrangement, and the moving averages consistently trend downward. The short-term cycle still favors a bearish state.
At the daily level, the running channel continues to trend downward, with prices maintaining a weak consolidation. In the middle to upper range, after a drop, there has been no effective rebound, and bearish volume continues to decrease. The moving averages have not shown significant upward movement. This week, personally, I still favor a bearish approach first, and whether the market can rebound and recover needs to be followed up after support is established.
Personal trading advice for Bitcoin: Short near the 67200 area, targeting 66700-66200. A breakout can continue to look downward!#加密货币市场持续震荡 #战火将如何牵动加密市场? #Tether否认调查和制裁 #年底牛还熊? #美国大选前行情观察 $BTC $ETH