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BTC: Market Analysis

BTC's upward movement on the daily chart was blocked, and the intraday price retraced, falling below the 64000 support to the daily support line at 63500. When the price touches the bottom support again and approaches Friday, it is basically confirmed that the weekend is a low-level oscillation and accumulation market. The specific long and short trends will probably be revealed in the early trading session on Monday, so the long and short trends on the daily chart are currently unclear. After breaking through the 65000 midline support on the four-hour candlestick chart, BTC quickly released a selling space of 1000 points, with the attitude of attracting more chips to enter in order to further stabilize the coin price. Furthermore, while the overall high position on the four-hour chart is continuously moving downward, the upward channel has not been broken, so caution should be exercised in chasing short positions on the four-hour chart. ETH's price is around 3300, also within the upward channel on the four-hour chart. In the case of a sharp decline, do not blindly chase short positions, and it is recommended to observe the subsequent trend and make a prudent decision. In summary, it is recommended to mainly observe Bitcoin and Ethereum over the weekend.

Strength is not just talk on paper, nor is it boasting profits with words. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no unprofitable market conditions, only orders that cannot be held. When others are making profits and you are at a loss, you might as well chat with the Coin Brother of the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following orders. As long as you are willing, I will not disappoint!

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