$BTC 10.10 Bitcoin price today: The short-term structure of Bitcoin has finally completed in the past few days. This segment of the market has formed a standard double sawtooth fall structure. After the first ABC fall ended, there was a rebound, and then it continued to the second ABC fall, which means that this entire segment of decline is a double correction pattern.



After the structure is complete, according to the wave logic, there will at least be a three-wave structure of a rebound up. In the short term, it may bounce back to around 124,000, and in the longer term, it may even form a platform structure to reach a secondary high point, which is the range of 125,000-126,000 above. Therefore, it is not recommended for everyone to continue chasing shorts; on the contrary, one should wait for the price to pull back below 121,000 to go long.

In summary, buy in the Bitcoin range of 121000-120000, and buy in the Ethereum range of 4340-4300.
BTC0.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
RandomThePriceOfBitconvip
· 10-10 17:05
This rally should end soon, at $118,000-$119,000, and then move higher.
Reply0
EveryDay4131vip
· 10-10 08:33
Can Bitcoin fall below the last defense line of 1172?
View OriginalReply0
EveryDay4131vip
· 10-10 08:32
The analysis is great, I've been following you, thank you. May I ask how to view SOL?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)