Market analysis on October 26th, the third wave of Bitcoin on the 1-hour level is down, continue to pay attention to the support below.

CN
5 hours ago

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In the articles from yesterday and the day before, we mentioned that as long as Bitcoin does not rebound and break through 69,000, there will be a pullback back to around 65,000. Currently, the market has already shown the expected third 1-hour level decline, which should not be finished yet, and there is still a 15-minute level decline to come. The current focus is on the support at 65,000 below. If it can hold effectively, we will continue to look for a 4-hour level rebound to break through 70,000.

BTC

In the short term, due to the rapid changes in the market, this article can only make predictions based on the market changes at the moment of publication. Short-term players should pay attention to the latest market changes, which should only be used as a reference.

1H:

At the 1-hour level, we are currently in the third 1-hour level decline during the 4-hour level pullback. This decline has reached around 65,500, and the current 1-hour level decline should not be over yet. We expect there will be a 15-minute level pullback to test the lows. The main focus below is around 65,000, allowing for a slight dip below 65,000 before quickly recovering. However, if the 1-hour candlestick breaks below without a quick recovery, at least structurally, the market will become more complicated, and we need to continue observing the strength of the decline for further judgment.

However, if 65,000 can hold effectively, Bitcoin should quickly reverse and start a new 4-hour level rebound to break through 70,000, or even surpass 73,777, as indicated by the green arrow in the image above.

15M:

At the 15-minute level, a second 15-minute level rebound occurred during the day. As long as it does not break through 67,800, there is a high probability that there will be a third 15-minute level decline, continuing to look at the range of 65,350 to 65,000 below.

ETH

At the 1-hour level for Ethereum, we are currently in the third 1-hour level pullback. This 1-hour level decline should not be over yet, and we continue to focus on the area around 2,365 to 2,350 below. In the short term, if the 15-minute level rebound does not break through 2,400, there should still be a third 15-minute level decline to come. If the overall 4-hour level decline is completed, there is still hope for the next 4-hour level rebound to reach 2,830.

Trend Direction

Weekly Level: The direction is upward, and the probability of a new weekly rebound is gradually increasing. 70,000 remains a key observation point.

Daily Level: The direction is upward, maintaining above 65,000. The daily rebound has not ended, and it is expected to possibly reach around 75,000.

4-Hour Level: The direction is downward, expecting a 4-hour level pullback, with 65,000 becoming important support.

1-Hour Level: The direction is downward, currently undergoing a 1-hour level pullback, focusing on the support around 65,000 below. If it holds, a rebound is expected.

15-Minute Level: The direction is downward, and it is expected that there will still be a 15-minute level decline.

Everyone is welcome to follow my public account for discussion and exchange:

The article is time-sensitive, please pay attention to risks. The views in the article are personal suggestions and for reference only!

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