10.23 BTC Today's Market Analysis

Nakamoto 2025-10-24 09:06 81702人围观 BTC

BTC yesterday's market review: Yesterday's analysis pointed out that the lower support level is near 105500, and it is recommended to go long in the range 105500-106000. It also reminds BTC that there is room for rebound and repair in the short term. The

BTC market review yesterday:
Yesterday's analysis pointed out that the lower support level is near 105500, and it is recommended to go long in the range of 105500-106000. It also reminds BTC that there is room for rebound and repair in the short term.

The intraday reminder was that BTC rebounded after hitting the horizontal support level of 107300. The two dips in the evening and morning did not break the level. After the long orders were arranged around 107300, they rose to a maximum of around 110000. The long orders successfully took profits at 2700 points and left the market.

BTC market analysis today:
BTC tested the support level near 106500 twice last night and this morning and then rebounded, with gains exceeding 2000 points each time, indicating strong support at this position.

During the day, it is recommended to pay attention to the trend support level near 106800 below. If the range of 106500-106800 is not broken, you can continue to go long.； If it falls below this range, then look down to around 105,000 before considering long orders. At the top, focus on the trend suppression level of 112800. If it rebounds to the 111800-111500 range, you can try to place short orders. If it breaks through, you can go short again near 112800.

Technical analysis:
The Bollinger Bands at the 12-hour level are shrinking. After four consecutive negative days, they are closing in positive territory and forming a positive cross line. There is a reversal signal. Focus on whether the mid-rail 109300 line can effectively break through. If it breaks through, we can look at the upper track around 114,000. In the short term, it is expected to break out of the "W"-shaped structure, with the target focusing on the previous high of 114,000.
Looking at the 3-hour level, BTC's double needles hit the bottom and collected two positive bars in succession, returning to running above the middle track. If the opening of the Bollinger Bands expands, the market still has room for further upward movement, and the target is to focus on suppressing the trend above 113000. Based on comprehensive judgment, BTC has a certain rebound potential in the short term. It is recommended to rebound to near the upper suppression level before placing short orders.

BTC operation strategy today: