Crypto world Red Sister 10.11: Can the BTC daily chart long wick candle long positions pull back from ten thousand points? Is there still space below? Today's Bitcoin (BTC) latest market analysis and trading suggestions!

The current price of Bitcoin is around 113,100. In the evening, BTC faced another plunge, with the daily chart experiencing a waterfall decline of over 20,000 points, directly breaking below the EMA250 and closing with a long wick candle, currently forming a consolidation near the EMA120 position. In this market condition, although there has been a short-term halt in the decline, the 1H chart shows no significant signs of a strong rebound. The BOLL lower band also shows no signs of convergence, and although the KDJ and RSI have both turned upwards, the coin price has not recovered much, indicating that there is some room above, but it won't be substantial. Therefore, the rebound that everyone is waiting for might require an early entry. Red Sister suggests paying attention to the EMA7-EMA10 range for entry.

The upper defense can be placed at the position where the daily chart midline coincides with EMA30. If the midline is broken, short positions should consider further adjustments. For the lower target, one can refer to whether there can be continued strong volume after the daily chart death cross, which can be referenced from EMA200 to the lower line extension. Currently, the lower line is still extending downwards, approaching the EMA250 position. KDJ is still at a high level and expanding downwards, leaving room below! The main idea is to focus on short positions during rebounds!

Sell point: Light short at ≥114000, add above 116500, stop loss above 117000; take profit at 112400-110100-108000; if it breaks below 107500, you can continue to hold until around 104400!

Buy point: ≤104400 long positions, stop loss below 103500; take profit at 107700-110000-112400; if it breaks above 122500, you can continue to hold!

There is a delay in article review push notifications. The above point suggestions are for reference only. Please grasp the timing for buying and selling by yourself. Please take precautions when entering the market and avoid heavy positions! Thank you for reading! #十月加密市场预测 $BTC $ETH