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$BTC Today's Technical Analysis|Is the rebound momentum still there?
(2025/10/23)
BTC reached a high of $110,298 today and is currently fluctuating around $109,785.
A clear rebound appeared in the short term, but the upper pressure zone still exists.
From a multi-period perspective, the market is still in the "rebound confirmation period".
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🔹 Short-term (5–15 minute chart)
• The price is consolidating near the upper Bollinger band, with upper pressure at $110,300.
• Volume slightly decreased after the rebound, indicating short-term momentum is weakening.
• Although MACD is still in the positive area, the red bars are beginning to shorten, showing increased profit-taking pressure from short positions.
• The KDJ indicator is flattening at a high position (K value 73), indicating a potential pullback demand in the short term.
📈 Short-term conclusion:
If it can hold above $109,300–$109,500, it is expected to continue the rebound and challenge the previous high;
If it falls below $109,000, pay attention to a quick retest.
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🔹 Medium-term (30 minutes–1 hour chart)
• The 1-hour chart shows that BTC has rebounded nearly $3,000 from the low of $106,666.
• The MA5 and MA10 moving averages are both showing an upward trend, indicating a strengthening short-term trend.
• The middle Bollinger band has crossed above the lower band, signaling an expansion of volatility and a gradually established direction.
• Although MACD maintains red bars, a slight divergence signal has appeared, and it needs to be observed whether the volume follows up.
📊 Medium-term conclusion:
If it can break above $110,300 and stabilize above, the next target area will look towards $112,000–$114,000.
However, if the volume cannot expand, the rebound structure may halt at the pressure zone.
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🧭 Comprehensive Observation
• Support zone: $108,800 / $107,500
• Pressure zone: $110,300 / $112,000
• Key watershed: $109,000
📍 Strategy Suggestions:
1️⃣ Conservatives: Wait and see if $109,000 holds stable before considering long positions.
2️⃣ Aggressives: Attempt short longs in the $109,300–$109,500 range, with a stop loss set below $108,800.
3️⃣ If the price breaks above $110,300 again, track the volume to confirm the validity of the breakout.
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💬 What do you think of this rebound?
Is it a healthy recovery or a false breakout?
Leave a comment and share your thoughts 👇
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