Professional Bitcoin Analysis Strategy
2024-10-30

Observing the chart, we can see that the price entered the upward channel a few days ago, where it corrected slightly for a time, and then rose to the support level, coinciding with the buyer's area. Then BTC broke through this level, and then corrected to the buyer's area, and then BTC broke up the resistance line of the upward channel. After this, the price fell back from this line, and then began to fall to the 58900 support level, coinciding with the support line of the channel. Then BTC rebounded and continued to rise within the upward channel, and after a while reached the current support level, coinciding with the support area. The price rebounded from this level and corrected downward, and then broke up the resistance line of the channel, thus breaking through the 69500 ​​level. But it started to fall not long ago, so I think BTC can rise to the resistance line, and then fall below the current support level, fall below this level and continue to fall. In this case, I set the TP to 67000 points.