10.30BTC Silk Road
The Federal Reserve said it would cut interest rates, and everyone knows about this, so the market didn't react much at first. However, later the Fed Chairman Powell said something, implying that it’s uncertain whether there will be a rate cut in December. Once this was said, the US stock market fell, and the BTC price briefly dropped below 110,000 USD. But now it has come back a bit; although the bulls are somewhat weak, the support below is still there, so it’s still possible to buy near the support level.
Let’s take another look at the 4-hour chart. BTC previously surged to 116,300 USD and then started to decline, now reaching the lower support level. If this support level holds, it is likely to bounce back. The KDJ indicator shows the possibility of a rebound, so in terms of operation, you can buy near the support level, and if it breaks below, then sell.
BTC: Long in the range of 109500-110000, target 112000, if broken then look at 114000, take good defense #GateVentures战略收购PerpDexADEN #ETH链上活动升温 #比特币行情分析