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Analysis of BTC strategy on October 27
From the four-hour level observation, BTC started to rebound after touching the low point of 106600, continuously forming multiple bullish candles and strongly breaking through the channel resistance. The current trend is dominated by bulls. However, the previous high point pressure around 115800 cannot be ignored. If the price fails to effectively break through and stabilize above this level, a double top structure may form. It is not advisable to chase higher at the current price level; it is better to patiently wait for a pullback before looking for entry opportunities.
It is recommended to short near the rebound to 115700-116200, with a target looking down to 114500-113800. If it breaks down, continue looking down to around 112500, with a defense of 500 points!
(Aggressive traders can short near the current price of 115205)
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