$BTC has not finished dropping, don't get too excited, pay attention to the following positions:
【Today's Market Analysis - BTC - 10.28】
For technical analysis learning purposes only, not as investment trading advice. Profit and loss are at your own risk.
1. Daily: After last week's pullback, the price quickly returned to around 68. Pay attention to the range of 684~69 above. If there are no particularly favorable news in this range, the price will pull back again. On the daily level, stabilizing at 72 is considered leaving the current range. If the price pulls back further, 675 and 668 are two possible rebound positions.
2. 4H: Currently in a sideways consolidation state, with the price rising from 66 to nearly 68 without significant trading volume throughout. This kind of volume-less increase needs attention. Do not go long! The top at this level is around 686, within the daily top's range.
3. 15Min: At 5:45 AM today, a volume-price divergence pattern appeared, and after the price reached around 683, it began to decline without volume. Do not go long at the current price. Today's situation is definitely not a bull reversal. A pullback is still needed.
Intraday trading thought: Key positions for long and short layout.
