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BTC market analysis at 17:34 on October 26, 2024.
Good evening, guys, BTC experienced a pump last night and plummeted this morning, causing a drop of 3.5 billion CNY and bankruptcy for 79,086 people within 24 hours!
At this moment, BTC is consolidating around 67150, which is near the middle line of the range between 66500-67850, and is also a previously touched point. Fortunately, it rebounded quickly from the lowest point of 65557 last night and recovered to 65700, keeping the bottom intact. It strongly regained the level of 66500, starting today's consolidation with no volume!
Altcoins fell quite sharply this morning, trapping those who didn't dump or fully position their altcoins recently, comfortably!
BTCfollow
support66550/65700
Pressure 67850/68500
The probability of breaking through the 65,000 integer mark over the weekend is not high. The election on the 5th of next month is just around the corner, and the interest rate cut in the early hours of the 7th is within reach! The market is experiencing accelerated fluctuation and increased magnitude, entering a phase of accelerated harvesting!
Operation: In addition to being cautious, the contract can only be scalp traded within the day. The layout must definitely not be all Position layout, it must be 80% exited after making room, and then the bottom position should be maintained to avoid losses! Otherwise, forget about it!
Suggest following Non-fungible Token zone, Public Chain zone, Blockchain Gaming zone, Altcoin zone, MEME zone, etc!
Continue to follow these coins: AXS, ACE, SCR, TNSR, TON, and meme. Also follow people and rats. #GateLive #GT #BTC