Master Discusses Hot Topics:

Bitcoin has recently been a bit "fragile." A certain anonymous whale just transferred 710 BTC to Finex, and Bitcoin reacted as if someone stepped on its tail, crashing down by 3%.

Meanwhile, the Nasdaq is surging, but our Bitcoin seems to have hit the brakes, showing little reaction. Everyone is focused on the U.S. elections, causing market sentiment to resemble a roller coaster, with no one knowing what will happen next.

The confusion surrounding the U.S. elections may lead Bitcoin to continue "playing Tai Chi," swaying back and forth within a range.

Today, CPI and employment data will be released, and we will wait and see if the market surprises us, or at least provides some clues.

Master Looks at Trends:

Resistance Levels Reference:

First Resistance Level: 61100

Second Resistance Level: 61800

If the price breaks through the first resistance level, it would be like crawling out of the shadows. If it can regain a stable psychological support range, the hope for a short-term rebound will return.

However, don't be too optimistic! Currently, a "long bearish candle" is threatening the price, which could shatter your dreams at any moment. The highs are consistently declining, and when the rebound hits the second resistance level, it is advisable to be conservative, as a correction may occur.

Support Levels Reference:

First Support Level: 60100

Second Support Level: 59300

The key before the first support level is to firmly hold onto 60.4K, so we can maintain the rebound trend. If one day it unfortunately falls back to 60K, don't doubt it; a short-term bear market is already waving at you!

The good news is that it seems we have managed to establish a "double bottom," which means the hope for a short-term rebound is still alive. However, be cautious, as the sellers are already raising their fists high; if a rebound occurs, don't be greedy, remember to take profits!

Today's Trading Summary:

The current selling pressure is strong, and Bitcoin is like a little dog caught in the rain, struggling to get up. Although some say it has hit the bottom, the market is filled with "unreliable" emotions, coupled with an overall downward trend, making the chances of a rebound quite slim.

Before the data is released, if the market remains calm, it is advisable to sit on the sidelines for now and wait for the data before deciding whether to take action.

10.10 Master’s Short-term Orders:

Long Entry Reference: Buy in batches in the 59000-59300 range, with a stop loss of 500 points, target 60100-61100.

Short Entry Reference: Sell in batches in the 61800-62100 range, with a stop loss of 500 points, target 61100-60100.

This article is exclusively planned and published by Master Chen (WeChat public account: Coin God Master Chen). For more real-time investment strategies, solutions, spot contract trading techniques, operational skills, and knowledge about candlesticks, you can add Master Chen for learning and communication, hoping to help you find what you want in the crypto world. With years of focus on BTC, ETH, and altcoin spot contracts, there is no 100% method, only 100% following the trend; daily updates on macro analysis articles, mainstream and altcoin technical indicator analysis, and spot medium to long-term price prediction videos.

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