Morning thoughts on 10.23



Of course, looking at the 4-hour chart, after a phase of pullback, the momentum has weakened and stabilized. Currently, it is making a counterattack towards the middle line of the Bollinger Bands to reclaim key technical levels. The bearish candle has a significant long lower shadow below the body, which not only confirms strong support below but also indicates that although the bears have exerted pressure, they lack the strength to continue the downward trend, and the momentum has significantly weakened. The short-term balance between bulls and bears has been broken, and the trend is gradually shifting to a bull-dominated phase, with a focus on low-dip layouts.

Big cake: Range of 107700-107200, target 109000
Two cakes: the range is 3790-3760, target 3950#十月降息预测 $BTC
BTC0.41%
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)