Crypto Circle Red Sister 10.30: The crisis of the big Bit pump and dump reappears! Where to look for the short-term bullish defense position? Today's Bitcoin (BTC) latest market analysis and trading suggestions!

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The current price of Bitcoin is around 110,500. In the evening, the market experienced a plunge again, breaking the 110,000 mark under the stimulus of negative factors. The K-line is positioned at the MA200 level on the daily chart, forming a rebound after stopping the decline. It is currently at the middle track position, and we can see that the upper BOLL track is being pressed down again, approaching 116,000. The middle track is also in a downward shape, but the lower track is still in an upward shape. Therefore, the recent major low can first be seen at the lower track and the MA240 (105,000) position. Today, we first look at whether MA200 can provide secondary support before considering short-term long entry. If it breaks, the next support point will be at the EMA200(108100) position. In MACD, the green bars are shrinking, and the DIF and DEA are clearly converging. Both KDJ and RSI have formed a death cross pattern pointing downward, indicating a significant short-term bearish trend. Therefore, the strategy of a rebound short is undoubtedly the most prudent. On the daily chart, we can pay attention to the pressure zone entry between MA7 and MA150, with the defense placed above yesterday's high!

Selling point sharing: ≥112000 light short, stop loss above 113500. Take profit below 110000, if it breaks 109200-109200, you can continue to hold!

Buy point sharing: ≤109200 light long, stop loss below 108000. Take profit 110800-112000. Counter-trend long positions must confirm the second support before entering!

There is a delay in article review notifications, the above points are for reference only, please grasp the buying and selling timing yourself, ensure proper risk control when entering the market, and avoid heavy positions! Thank you for reading!