$BTC is flying, or is it crashing? Everything will be revealed tomorrow, Friday.
【Today's Market Analysis-BTC-10.31】
For technical analysis learning only, not as investment opening advice. Profits and losses are your own responsibility.
1. Daily: As mentioned in yesterday's report, the lowest was 714x, the report indicated 715, with a deviation of a few points. After a pullback, it came back up. Today, it is generally in a consolidation phase. The upper side still needs to break through the previous high, while the lower side is still pulling back to 715, which will give another chance. Brother Ha's judgment on the overall script: If tomorrow's Friday data is not significantly favorable, then this time there is no hope of breaking through the previous high, or it may spike above the previous high, trapping a batch of bulls, and then pull back to the 600s. The 676 mentioned yesterday is a relatively important position.
2. 4H: It is currently not falling down, and the bulls are relatively strong. Brother Ha observed on the K-line at 8 PM last night, the trading volume was large, but the K-line showed a short body with long upper and lower shadows. This is the K-line that hit the lowest point of 714 last night, indicating that the buying pressure is relatively strong, and there is a battle between bulls and bears, with the bulls achieving a temporary victory. However, the current price at 72 is quite awkward, not up or down, so trading volume and liquidity will decrease. Everyone is watching.
3. 15min: It is already evident that there is a clear consolidation oscillation price between 71 and 72, and the current price is trapped in the consolidation range of 721~725. Brother Ha judges that today, apart from possibly pulling back to 715, there is temporarily no major trend. However, there will be a major trend tomorrow.
Intraday trading thoughts: Do not short!!! Do not go long at the current price!!! Today, only support level short-term long is allowed.
