Bitcoin's latest analysis strategy signals
2024-10-04

A few minutes ago, the price rose to the resistance level, coinciding with the resistance zone, and when the price hit the resistance level, the price made a corrective movement. Then BTC picked up and fell repeatedly, and then continued to rise. In a short period of time, the price broke through the resistance level and reached the trend line, which was soon broken as well, and tried to continue to rise. But BTC could not rise further, turned around and began to fall. Soon, it broke through the 64600 level, retested, and then fell to the trend line, after which it continued to fall near the line. In addition, it tried to rise but failed and fell further until it reached the past target (60K) in my past thoughts, broke through the trend line and even fell a little below the 60800 support level. Next, it picked up, broke the trend line again, but fell back to the support level not long ago, and now tries to break it. Therefore, I expect BTCUSDT to break the support level, retest, and then continue to fall to the trend line. In this case, I set the target at 58800 points, coinciding with this line.
BTC rose a little and even above the support level. In this case, I expect it to rise a little more and then fall to my new target ($59,600), breaking support again.