Cryptocurrency Academician: History will not repeat on October 10, but it will rhyme with the same ending! Understanding the cyclical "cleansing" pattern of Bitcoin from the high point pullback! Latest market analysis and operational advice interpretation.

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16 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

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Crypto Circle Scholar: Bitcoin (BTC) Latest Market Analysis on 2025.10.10

The current price of Bitcoin is 120,150. It is now 1:30 AM Beijing time. After breaking the historical high, Bitcoin has started a new round of liquidation. The daily chart shows a bearish indicator of a double bearish engulfing pattern, indicating that there is a high probability that the last high point of the year is above 123,000. Those who did not choose to go south with us have missed a good entry point.

Before the article was published, the daily K-line reached a maximum of 123,740 and a minimum of 119,570. It is not far from the EMA15 fast line support at 119,235. The next focus is on the major Fibonacci retracement level 0.786 support at 115,000. For short-term support, pay attention to the EMA30 line at 117,100. The MACD shows a decreasing volume and a downward trend, while the Bollinger Bands are expanding with the upper and lower bands diverging. The middle line of the Bollinger Bands is at 116,700, and the overall trend is bearish.

The four-hour K-line has already broken below the neckline support. The head and shoulders top pattern support at 121,500 has been lost. If the market corrects without breaking the top pattern, it can continue to hold south. Additionally, the K-line has broken below the EMA60 support at 120,450. After a continuous decrease in volume divergence, the DIF and DEA have started to push down towards the zero axis. The K-line has reached the Bollinger Bands lower band support at 119,900. The overall trend is clearly bearish. Those who have not entered the market can consider entering south after the main force corrects. Friends who want to try a short-term long position should not hold too long and take profits when they see them.

Short-term strategy reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big profits are the goal, especially when breaking key resistance and support levels. Stop losses should still be executed; do not hold onto losing positions.

For northward trial positions, the entry point is 120,000 to 119,500, with a stop loss at 119,000, risking 500 points. The target is 120,500 to 121,000, with a breakout target of 121,500 to 122,000.

For southward trial positions, the entry point is 121,000 to 121,500, with a stop loss at 122,000, risking 500 points. The target is 120,000 to 119,500, with a breakout target of 119,000 to 118,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by business, excellence by profession, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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