Posts
avatar

#BTC Weekly Report‼️ (Week 3 of October) [Weekly Chart Level] 1) Last week’s close was below 83,000, with two consecutive weekly bearish candles, signaling an emerging expectation of a pullback. 2) Weekly support lies in the 73,000–69,000 range—this is a long-term bullish zone. It may not be reached, but if it is, long positions must be taken. [Daily Chart Level] The double top pattern remains intact and continues to suppress price action; thus, strong directional upside is unlikely for now. Monitor these key levels: 1) The previous low at 80,095 has already been swept once, so a rebound to target the liquidity at 84,340 is expected. 2) If price moves above 84,340 again, consider re-entering short positions—the resistance zone remains 84,900–87,200. [4-Hour Chart Level] The 82,900 resistance level tested last week has since been retested after a ~$2,000 drop; the area has now recovered, reducing short-term bearish sentiment. If price moves to sweep 84,340 again, I believe another short opportunity may arise.

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment