Today's market analysis - #BTC

As of October 14, 2024, based on market dynamics and comprehensive analysis, Bitcoin (BTC) has the following characteristics in the daily market analysis:

- **Price Dynamics**:
- The price of Bitcoin has shown a strong rise trend in recent trading, and the price once approached $66,000. Market sentiment has been positively influenced, including expectations for future policies and reactions to international events.

- **Market Sentiment and Analysis**:
- The current market sentiment is bullish on BTC in the short term. Despite the caution about pullback, most analysts believe that the overall pump trend of BTC remains unchanged. In terms of Technical Analysis, the breakthrough of BTC and the stability at higher levels are seen as signals of strengthening long positions.

- **Key Technology Level**:
- The range of $62,000 to $63,000 is considered an important support level. If BTC fails to hold steady in this range, it may face downward pressure. Conversely, breaking through and stabilizing above this price level may trigger a stronger long positions market.
- $66000 is considered an important psychological and technical resistance level, and its breakthrough or not will have a direct impact on market sentiment.

- **External Factors Impact**:
- International events such as the tense situation between South Korea and North Korea, military exercises in Taiwan, and military deployments in the Middle East have increased market uncertainty, indirectly affecting the trend of Bitcoin. These events are seen as Favourable Information for Hedging trades, driving the pump in BTC prices.