Happy weekend!
A new month has begun.
The monthly chart of Bitcoin shows a high-level sideways trend, and a strategy of selling high and buying low can be adopted in the short term.
- The key resistance levels to watch in the range are around: 113,500, 115,500, and 119,500.
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- If you want to do more, you can wait for a pullback to the $107,500, $105,000, or $101,500 area. These positions have a certain level of support, provided there are no major news disruptions.
Today, we need to focus on the key support level of 109,300. If the price retraces and does not effectively break below this leve

BTC morning thoughts $BTC $ETH

Technical analysis: In the short-term hourly chart, the Bollinger Bands show a downward opening pattern. Although the price has rebounded by over 4000 points, it continues to operate in the middle-lower band area; the upper middle band is slowly moving downwards, and the rebound strength is continuously weakening, indicating an overall downward trend for the day.
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- Operation suggestion: Focus on short positions
It is recommended to enter a short position in the range of 110300-110000, with key attention on the range of 108800-109800 below.

Trading ideas and logic during the day
The long position strategy is as follows:
1. Enter long around 3750 on a pullback, set a stop loss below 3720 or near 3690 for additional positions, stop loss at 3660, take profit at 3840-3950 (the stop loss and take profit space is reasonable, especially if additional positions are not at a loss).
2, near 3720 for the initial position, add 3670-80, stop loss just below 3660 + a little. Take profit at 3750-3840 (3750 is the take profit level after adding positions). The long position's risk-reward ratio is still acceptable above this. The take profit

10.31
The market for Bitcoin is still in a range every day, with bulls and bears competing against each other.

The price has nearly fallen to the previous key low point. From this position, the space for further decline is likely limited, so don't casually follow and short sell at this time.
Bulls begin to counterattack, it is recommended to buy on dips today!
The pancake returns to 107200, fluctuating around 108000, looking up at 112000, near 113500.
The second pie returns to 3720, fluctuating around 3770, looking up towards 4000, near 4150.
$ETH $BTC