2025.10.28《$btc》

The price has adjusted downwards; can we still go long? Will it directly reverse down again, and then immediately get buried?

As it stands, the adjustment is not yet over. The recently mentioned effective support range, 【113400-114000】, has indeed played a role, but as of now, the effect is not significant. Therefore, the downward adjustment may not be over yet.

So, where might this adjustment end? Which range is reliable for going long?

The next support is around the line of 112700. If this position cannot hold, then this adjustment may have some depth. The next position is around 111500. Additionally, there is a possibility of a downturn in the short term within 1-3 days. Moreover, at 2 AM on Thursday, there will be a monetary policy meeting, so before the meeting starts, the volatility should not be too large unless it is particularly close to this time. Currently, funds should be in a wait-and-see state. Therefore, observe the price as it approaches the line of 112700, keep a good stop-loss, and look for opportunities to go long at lower levels. If not, a rebound can also be a viable option.

Alright, having discussed the key support below, where is the key resistance above? The range 【114500-115000】, followed by the range 【115300-115600】. The two resistance ranges are quite close to each other. Therefore, if the price wants to continue to rise, it will be somewhat challenging. But regardless, as long as the short-term trend has not turned bearish, the resistance could be broken, needing just one solid bullish candle. Thus, going long at lower levels is more cost-effective than going short at higher levels. #内容挖矿升级 #加密市场反弹 #巨鲸动向