$BTC Daily Trend Analysis 25.10.31 Current Price 110200 @williamyuan
Market Analysis: The head and shoulders pattern is nearly 90% complete. Once it breaks below the 108000 support,
the price moves below the watershed, which can fully confirm the arrival of a bear market, when the strategy will focus on short positions.
Technical Analysis: The head and shoulders are completed, and it is currently at the lower trend line of the right shoulder wedge. If the rebound is weak, there is a high probability of continued decline.
Market Forecast: Current bullish liquidity has been liquidated, breaking support and rebounding. It will test bullish liquidity again, and we need to closely watch the resistance levels. There is dense resistance between 11W-11.6W, where short positions can be arranged.
If next week cannot break through the trend resistance level or the daily resistance level 111300-113000, then a bearish decline is imminent!