Good morning, today I want to talk about the trend of BTC. The swing trading adjustment of BTC started on the 6th of October and ended last Friday. Following that, a strong rebound market began, currently positioned in the first stage of the daily chart rebound, which is not yet complete. Since last night, a short-term pullback has commenced, expected to pull back to around 109000. After the pullback, another upward movement is expected today, followed by a market decline again. The main resistance for the first wave of rebound on the daily chart is between 112000-113000. After the first wave of rebound ends, another pullback will occur, and after the daily chart pullback ends, a second rebound will begin. Of course, the final rebound is expected to reach around 115000, and if stronger, it could reach 117000. Please follow @浪哥必说 for daily market updates.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Good morning, today I want to talk about the trend of BTC. The swing trading adjustment of BTC started on the 6th of October and ended last Friday. Following that, a strong rebound market began, currently positioned in the first stage of the daily chart rebound, which is not yet complete. Since last night, a short-term pullback has commenced, expected to pull back to around 109000. After the pullback, another upward movement is expected today, followed by a market decline again. The main resistance for the first wave of rebound on the daily chart is between 112000-113000. After the first wave of rebound ends, another pullback will occur, and after the daily chart pullback ends, a second rebound will begin. Of course, the final rebound is expected to reach around 115000, and if stronger, it could reach 117000. Please follow @浪哥必说 for daily market updates.