2025-10-07 17:24:23

10.8 Market Analysis

The evening Bitcoin market fluctuated significantly, as the high-pressure level caused a sharp drop, falling nearly 4000 points from the peak to around 120700. The upward trend that lasted for several consecutive days suddenly stopped, and the price fell again. Looking at the four-hour candlestick chart, there are two consecutive large bearish candles, with the price dropping directly from the upper band to the lower band, breaking through many previous support levels. It is now clearly a one-sided downward trend, and the market has reversed.

Although it seems that the bears are not falling much now, it is still recommended to go long when the price is low. The key point is to see if the 120,000 mark can be held; if it cannot be held, there may be further declines.

Operation Suggestions

The pancake can oscillate between 120500 and 121000, with the target seeing 123000-123500.

The concubine can oscillate in the range of 4450 to 4470, aiming to see around 4600-4650. #BTC再创新高

ETH-4.34%

BTC-1.39%

View Original

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.

2 Likes

Reward
2
7
Repost
Share

Comment

0/400

SeekSpeedInSlowness

· 2h ago

I've made this very clear, yet some people still don't know how to place orders. Let me clarify: You have 1000u, this time buy about 20-30% of your Position between 120543-121000, then place another 20-30% of your Position around 120191; if you can buy, great, if not, it’s fine. The total Position should not exceed 50%. long order, 30-50 times. The take profit position is above 12700, we’ll talk about it again, it will reach that in the next week. I’ve said that after hitting the daily chart level low today, it will reverse and strengthen, and this breakout is exactly what we’re seeing, unbelievable. After six consecutive daily chart bullish candles, the pullback bottom is usually accurate, go ahead. If risk control is strict, just manage your Position a bit and build it in batches, that’s fine. Once the earnings are in your pocket, in a couple of days I’ll do a live stream to support, I’ll start this week, I’ll familiarize myself with the real-time live trading of crypto assets.

View OriginalReply0

HjSub-account3ContractAccount