BTC surged to 1091 last night before pulling back, touching a low of around 1065, and is currently oscillating around 1078. 1060 is a key support level, which has been tested multiple times recently, reducing its effectiveness, and there is still a possibility of a pullback in the short term. The 2-hour MACD shows longer green bars, indicating that bearish momentum prevails, and trading volume has decreased with the decline, making the market relatively quiet. There is a clear resistance at the upper level of 110000, and a breakout is needed to relieve the weakness.
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10.23 BTC Day Strategy
BTC surged to 1091 last night before pulling back, touching a low of around 1065, and is currently oscillating around 1078. 1060 is a key support level, which has been tested multiple times recently, reducing its effectiveness, and there is still a possibility of a pullback in the short term. The 2-hour MACD shows longer green bars, indicating that bearish momentum prevails, and trading volume has decreased with the decline, making the market relatively quiet. There is a clear resistance at the upper level of 110000, and a breakout is needed to relieve the weakness.
Operating Recommendations
Pull back to 1072-1078, target 1092, 1115
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