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October 23 Bitcoin market review and outlook

Market Review Hello everyone, today is October 23rd. Let’s briefly discuss the recent BTC trend. Looking back at the trend we mentioned on October 20th, a terminal wedge was completed near 69.5k, followed by a decline starting on the 21st. The first half of this decline was relatively smooth, quickly dropping to the 66k-67k range. However, at this level, the downward momentum clearly weakened, and the price couldn’t fall further. Four-hour K-line signals: Bulls are resilient, support is evident. From the four-hour K-line chart, the appearance of many long lower shadows indicates that bullish forces are still providing strong support. This is a typical signal...

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