10.15 Evening market battle for Bitcoin between bulls and bears

CN
2 months ago

In the trading process, most market conditions are generally not worth participating in. When you feel lost between bullish and bearish positions, the best strategy is to do nothing.

Watching the fierce battle between bulls and bears from a distance is the higher realm of trading.

Tonight's battle between bulls and bears, will it break through the recent quarterly high? Or will it pull back and continue to oscillate and gather strength? In fact, looking at the overall market, whether it's the daily chart or the weekly K-line, if the short-term trend wants to break through well, it must pull back to accumulate strength before breaking through, rather than doing so at the moment. After all, the critical point of 66,500 has already cleared out many shorts, so further increases seem rather unconvincing. Therefore, this week, a rebound to short is more prudent. As mentioned before, refer to the staggered entry points; I will repeat it now: consider shorting in the 65,800-66,100 area, watching the 64,000 level.

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