10.17 BTC Strategy;
【BTC Hourly Market Analysis: Bottoming Out Shows Resilience, Short-term Rebound Requires Close Attention to Key Resistance!】
From the MACD perspective, MA5 and MA10 have formed a golden cross upwards, indicating initial bullish momentum in the short term; however, MA20 still poses significant resistance above. If it can break through, there is potential for a rebound.
On the support side, 107,300 is the 24-hour low, and this decline has not effectively broken below it, indicating solid support below. Trading volume has increased during the bottoming phase, and today's strategy can involve light positions.
Operational Strategy:
BTC can be traded between 107500-108500, targeting 110000 and 110500.
Maintain your own defense and manage your positions well.
