2024.10.11 9:16 AM BTC Market Analysis

Last night, continued to eliminate 2 billion CNY Liquidity, 49105 people went bankrupt and dropped to zero! The lowest reached 58900. Last night's guidance was whether to follow the plunge below 60000-60300 in the early morning, and the strength of following 59150. There will be a small rebound in the middle of the night. At this moment, let's review. The BTC rhythm basically meets our predictions. After all, last night's analysis was that there is a demand for rebounds at the 5/15-minute level. 1h/2h/4h are still strong in short positions! Daily reviews and summaries will quickly help improve your trading sense!
BTCfollow
support59150/58500/57300
Pressure temporarily set at the 61000/61850 level
The key point at this moment is around 59700. Follow in the EurAsian session to see if there is any opportunity. The bigger the market falls, the more likely it is to create a buying opportunity for spot medium-term. So for spot players, the opportunity is coming soon. It should be about three to five days if it comes quickly, and about six to seven days if it comes slowly. Contract players should continue to focus on the key points and take profits when there is room, the old strategy should not change, at least not before the medium-term buying point appears! #BTC #GT #GateLive