BTC
Bitcoin has once again tested the Vegas channel after about a year. Although today's candle has not closed, it has re-entered the Vegas channel. In August 2023, it fell below the channel and returned in October. Currently, after falling below, it has re-entered. The big market in October is still worth looking forward to.
BTC continues to rebound, reaching a high of 64133. It is still in an upward trend and faces pressure around the previous 65000 level. Currently, the probability of breaking through to the upper edge of the rising flag at 68000 is relatively high. In the short term, pay attention to the support at 61500-62500.
ETH
The recent surge in Ethereum is relatively significant, including the surge in altcoins. The initial target is 2600-2800. Once it effectively stabilizes at 2800, there is an opportunity to complete the bat pattern and aim for 3300. We are also conducting comprehensive screening and selecting good opportunities in the altcoin market.
BTC
Bitcoin has reached 64133, approaching the target of 63500-65000 set on the 16th. In the short term, there will be some pressure, and it is recommended to continue to add positions on a pullback to 61500-62500.
The 4-hour chart maintains an upward channel operation, and it is currently close to the upper channel. Those with positions should continue to hold, while those without positions are not advised to chase directly but to wait for opportunities on a pullback. The trend we predicted on the 16th remains consistent, and the correction may not necessarily be significant. The opportunity to continue to touch the upper edge of the rising flag at 67000-68000.
Support:
Resistance:
ETH
Regarding Ethereum, although the rebound is relatively weak, it is still worth watching near the bottom support for a rebound. When rebounding, pay attention to the resistance at 2665 and 2800. Also, there is a bat pattern on the daily chart, and it needs to break through 2800 to confirm the target of 3300.
The ETH/BTC exchange rate rebound tests 0.04, and it remains to be seen whether it can effectively recover in the next few days, which may lead to a one-way market for altcoins.
Support:
Resistance:
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The article is time-sensitive and is for reference only, subject to real-time updates.
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