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Coin industry academician: 2024.10.11 Bitcoin (BTC) latest market analysis

After the Bitcoin head-to-shoulder pattern ended, the empty order entry point of 61,500 was not reached. The original plan was that the CPI news would be boosted to give an opportunity. In the end, things went against their wishes, and finally fell all the way below 59,000 directly after 61,200 was blocked. The ideas in the article were mostly considered to have been received yesterday. The target reached a space of 60,500, 1,500 points. Let's take a look at the market

Now at 3 p.m. Beijing time, the current price of Bitcoin is 60,800. It can be seen that the Japanese K line showed an upward trend of 64,500, the lowest loss of 59,000, and now it has returned to consolidation at 61000. In addition to today's Friday, the market is expected to enter a consolidation cycle without much room to manipulate. The EMA trend indicators are shrinking, and the central point ispressure level61500. You can continue to pay attention to the market in this position. The layout will begin after the market arrives, even though it has reached a large support pointMACDScaling up and scaling up, DIF and DEA are polarized. The Bollinger band falls back on 59200, then pulls back on, indicating that the lower support point is effective, and you can wait patiently for the double needle probe to appear

The four-hour K-line has just ended, and the downward mesh spread of the EMA trend indicator is not over yet. In terms of thinking, we can wait for the pressure level to effectively begin to empty. The MACD shrinks and increases, DIF and DEA are shrinking, and the overall trend is recovering. The short market is not over yet. The normal pressure level in the Bollinger Band focuses on 61500.KDJThe overall trend is upward. Judging from the market, it is recommended to mainly go short on highs, supplemented by low ones

Short-term idea reference: the market is not 100%, so you must bring good stop loss, safety, first, small loss, big profit is the goal

Today's idea

61,800 to 61,500 empty, target 61,000 to 60,500, broken position at 60,000, stop loss 300 points

59500 to more than 59,000 below, target 60,000 to 60,500, break the position at 61,000, stop loss 300 points

The specific operation is mainly real-time market data. For more information, please contact the author. There are delays in publishing the article. Suggestions are for reference only at your own risk

This article is exclusively contributed by academicians in the coin industry and only represents the exclusive views of academicians. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the time of publication of the article, the above opinions and suggestions are not real-time. They are for reference only. You are at your own risk. Please indicate the source, make an order to properly control positions, and never operate heavy or full positions. Academicians also hope that investors will understand that the market is always right. If you make a mistake, you should summarize your own problems and not let the profits you should have earned fly away. There is no need to invest more smartly than the market. When a trend comes, follow it; when there is no trend, watch it and keep quiet. After the trend finally becomes clear, it's not too late to get started. Tomorrow's success stems from today's choices: God rewards hard work, proper rewards, humanity rewards honesty, business rewards, good business rewards, and artistic rewards. The gains and losses are all unintentional. Develop the habit of strictly taking stop loss and take profit with every order. Coin industry academicians wish you a happy investment!