Morning Thoughts on 10.22



Currently, the market shows that the four-hour level indicates a two consecutive bearish trend, retracting below the middle band of the Bollinger Bands, with previous gains almost entirely retraced. The current bearish candlestick has also formed a long lower shadow, indicating that there is certain support below. The market shows signs of slowing its decline. The MACD indicator's two lines are still running above the 0 axis, so the overall structure remains bullish. All indicators show a downward divergence, and the continuous decline has exhausted bearish momentum, with signs of a reversal gradually appearing. Therefore, the early morning strategy has been to take long positions at lower levels.

Bitcoin: Watch the range of 107600-107200, look at 109500.
Second pancake: oscillating between 3820-3790, looking at 3950#巨鲸加仓2.5亿美元BTC $BTC
BTC0.27%
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