10.29 Morning Operation Strategy
Yesterday, the price peaked at 116074 before starting a pullback, continuing its downward trend during the early hours, reaching a low of around 112121. This decline was mainly driven by geopolitical tensions, leveraged trading liquidations, and macroeconomic weakness. Although the overall market resilience has strengthened compared to the past, and institutional investor demand has significantly increased, the magnitude of this decline is considerable and has broken through a key oscillation range, indicating a clear bearish trend in the short term, which is expected to continue. Wait for a low long position and take good precautions, do not hold against the trend.
Long near 111800-111300 on Bitcoin, target
112800-114500
