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Weekend, Bitcoin will continue to decline, short positions still have room for profit! Attached are operational price levels

2026-10-23 08:14:57
đăng lạishare
1. In the analysis two days ago, it was explained that the market is currently in a 'political stability period' with a quiet phase, and the operational strategy clearly emphasized a high-sell low-buy approach; short positions were advised to exit at 81,500 yesterday; 2. Over the past two days, the market has exhibited an 'unconventional' trend, with assets such as the US dollar, gold, cryptocurrencies, and US stocks all declining collectively. The primary driver is not macroeconomic interest rate logic, but rather a micro-level liquidity crisis. As the US midterm elections draw nearer, increasing political and geopolitical uncertainties have made both bulls and bears hesitant to make decisive moves. Investors are fleeing the market to hold cash as a safe haven, leading to progressively lower market liquidity and reduced price volatility. Consequently, there will be no significant rallies or crashes until after the midterm elections conclude, when genuine market competition will resume! 3. Operationally, trading based on intraday candlestick patterns is optimal. As previously mentioned, this quiet phase represents the best opportunity for retail investors to profit. The current support level is near the 80,000 mark, where the daily pivot point and BOLL lower band coincide. On the 4-hour chart, the bearish momentum remains strong. Therefore, today’s short-term strategy should continue to focus on shorting at higher levels—entry points around 81,800 are suitable for timely positioning, aiming for a target of 80,000. For long positions, my recommendation is to wait until below 79,500 before entering, to avoid risks associated with leveraged liquidations. This view will remain valid through early next week. Follow me for continuous updates!
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