10.6 Wednesday morning market overview: BTC long position secured 1,200 points
BTC closed with a long upper wick this morning, marking two consecutive bearish candles on the daily chart
Went long at 8.52 on the 5th; yesterday’s long position exited with 1,200 points secured. Going long at 8.52 twice in a row, both exited with perfect profits
BTC just broke below the effective supports at 8.52 and 8.44 with a large solid bearish candle, with the low wicking down to 8.35, a 1,700-point pullback
At the same time, 1H network-wide liquidations reached $207 million, including $206 million in long liquidations; long positions bore the brunt
BTC has continuously broken below support, with 8.44 turning from support into resistance. Will the market break below the trendline and then pull back above it, forming a false breakdown and recovery to lure in shorts?
On the right side, wait for the candlestick body to break through and stabilize above 8.44, then follow the trend with a light long position; defense at 8.35, targets around 8.53 and 8.58
The next effective support is 8.28, which is also where this rebound began. A consensus long-position defense is likely to form here
Lay in wait to go long at 8.28 on the left side; defense at 8.17, targets around 8.39 and 8.52
If you’re passing by, please take a moment to follow, like, and comment—your greatest support for me. Thank you! The above information is for market analysis only and does not constitute trade execution;
Follow me so you don’t lose your way. I’ll bring you the latest news, updates, and price-level analysis every day, as well as the wealth codes you’re looking for. Remember to follow and like #SOL现货ETF单日净流出924万美元 $BTC
BTC closed with a long upper wick this morning, marking two consecutive bearish candles on the daily chart
Went long at 8.52 on the 5th; yesterday’s long position exited with 1,200 points secured. Going long at 8.52 twice in a row, both exited with perfect profits
BTC just broke below the effective supports at 8.52 and 8.44 with a large solid bearish candle, with the low wicking down to 8.35, a 1,700-point pullback
At the same time, 1H network-wide liquidations reached $207 million, including $206 million in long liquidations; long positions bore the brunt
BTC has continuously broken below support, with 8.44 turning from support into resistance. Will the market break below the trendline and then pull back above it, forming a false breakdown and recovery to lure in shorts?
On the right side, wait for the candlestick body to break through and stabilize above 8.44, then follow the trend with a light long position; defense at 8.35, targets around 8.53 and 8.58
The next effective support is 8.28, which is also where this rebound began. A consensus long-position defense is likely to form here
Lay in wait to go long at 8.28 on the left side; defense at 8.17, targets around 8.39 and 8.52
If you’re passing by, please take a moment to follow, like, and comment—your greatest support for me. Thank you! The above information is for market analysis only and does not constitute trade execution;
Follow me so you don’t lose your way. I’ll bring you the latest news, updates, and price-level analysis every day, as well as the wealth codes you’re looking for. Remember to follow and like #SOL现货ETF单日净流出924万美元 $BTC
