Expect to see $10,000 in BTC soon
BTC is now the grasshopper after autumn, and it will stop after jumping twice
——A brief supply and demand analysis of BTC prices The short-term and medium-term are slightly repeated, and the mid- and long-term decline is imminent
The current price of BTC fluctuated around 19300.
As shown in the figure, the latest BTC price levels (1w-1d-4h-1h-15m) supply and demand status.
1w-1d level
In September 2022, 1M closed a new low and the big bear trend continued:
Its 1d-level form is still supporting the fig leaf of the 18500 key support line - in fact, it is already a hole that is difficult to mend.
After the price breaks down, it will pass through the 1d support band 14300-16300 (according to the previous consistent analysis, the key position is 15530), 12700-13800 (the key range 13075-15530), and then reach the 1w-1M level key support zone of 9800 -10900 (the key is around 10465) is an unavoidable "fate".
4h level
The level also maintains the bullish trend for the time being, the most recent: the lower support area is 18460-18770, the upper pressure area is 20175-20375 and 22225-22850.
The price is still oscillating in a narrow range between the support pressures, and there are two kinds of “plots” behind: either it will flow straight down, or it will go up and perform a bit before venting.
1h-15m level
It also made price swings in the corresponding support pressure range, and the pattern was converging. In general, it is still necessary to move in the direction of the larger trend.
In short, the price of BTC has become like a grasshopper after the autumn, and it is time to take a break after jumping twice at most.
——A brief supply and demand analysis of BTC prices The short-term and medium-term are slightly repeated, and the mid- and long-term decline is imminent
The current price of BTC fluctuated around 19300.
As shown in the figure, the latest BTC price levels (1w-1d-4h-1h-15m) supply and demand status.
1w-1d level
Its 1d-level form is still supporting the fig leaf of the 18500 key support line - in fact, it is already a hole that is difficult to mend.
After the price breaks down, it will pass through the 1d support band 14300-16300 (according to the previous consistent analysis, the key position is 15530), 12700-13800 (the key range 13075-15530), and then reach the 1w-1M level key support zone of 9800 -10900 (the key is around 10465) is an unavoidable "fate".
4h level
The price is still oscillating in a narrow range between the support pressures, and there are two kinds of “plots” behind: either it will flow straight down, or it will go up and perform a bit before venting.
1h-15m level
In short, the price of BTC has become like a grasshopper after the autumn, and it is time to take a break after jumping twice at most.