10-14 BTC Market Analysis


The current price of BTC is close to 110,000, and yesterday it rose to 116,000, making it very close to the resistance level of 117,000. If BTC cannot rise and break through this resistance level, then the trend of ETH will definitely be affected and become weak. Only when BTC successfully breaks through 117,000 can it open up an upward channel for itself; otherwise, other coins can only wait and see.

From the candlestick pattern of yesterday, a doji appeared, indicating that BTC has reached the moving average resistance level of the Bollinger Bands, and there is also a situation of "three converging and five merging," where three lines converge to form a death cross. This is not a good signal, as there is significant pressure above, which may likely drive the price of BTC downward.
BTC-0.77%
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Mr.Zhang,Right?
· 2025-10-14 08:27
You got it right.
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Mr.Zhang,Right?
· 2025-10-14 08:27
big dump right?
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