Thoughts on the aftermath of the big pie on October 30



Bitcoin experienced significant volatility during the afternoon, with the price dropping sharply from around 110,700 to approximately 107,900, reflecting a notable short-term decline and putting considerable pressure on retail investors' positions. This market movement was primarily driven by news, with Japan's interest rate hike and a shift in market expectations regarding the December interest rate policy collectively triggering this rapid adjustment.

From the four-hour chart, the afternoon K-line is about to form a long lower shadow. This pattern clearly indicates that after reaching a low point, the price rebounds quickly, and the support strength below is very strong. Considering the current market sentiment and technical signals, compared to aggressively shorting, choosing to layout long positions has a higher risk-reward ratio and offers better cost-effectiveness.

The pancake operation suggestion is around 110000-109200, with a look towards 112000-114000. If it breaks through, continue to look up at #比特币行情分析 .
BTC-3.37%
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