10.23 Bitcoin (BTC) Market Analysis Reference

After Bitcoin reversed and faced resistance yesterday, the price has been on a downward trend from around 114000, breaking below the 110000 mark during the day, and the downward momentum has continued. Currently, the price is operating at 118200. The short-term support has been broken, and the price has reversed again below 110000. The key focus now is on the 106500 area; if it breaks below, it indicates a further opening for bears, with risks of the price moving further down. If broken, it can be followed with short positions, and I hope all coin friends are prepared. Conversely, if there is a pullback that does not break down, the market is expected to oscillate around the 110000 mark. However, note that the rebound has not stabilized at the 110000 level, and the short-term weak sell-off oscillation pattern remains unchanged. Therefore, it is advised to prepare for short positions.

10.23 Bitcoin Short-term Reference:

Lower test entry point 110500-111500 short, defense 115800 supplement, stop loss: 500 target below 109500,

Upper test entry point 106500-107500 long, stop loss 500, defense 104000 supplement, target above 108500, #BTC #ETH #BTC☀️ #BTC🔥🔥🔥🔥🔥