10.28 Morning Bitcoin Analysis: From a technical perspective, the four-hour cycle shows a "two bullish and one bearish" candlestick pattern. The price surged to the upper Bollinger Band but encountered resistance and fell back, indicating significant pressure in the upper band area. The bullish momentum is struggling to sustain upward price movement, and the psychological level of 117000 has become a key resistance zone. Before it is effectively broken, traders should pay attention to short selling opportunities during pullbacks.

Looking at the one-hour cycle again, the market has consecutively closed four bearish candles, indicating weakness, and is nearing the middle band of the Bollinger Bands. Although a Doji bearish candlestick has appeared subsequently with a slight rebound, all technical indicators and moving averages are still in a downward trend. Based on this, the morning trading strategy suggests focusing on shorting after a rebound to high levels.

You can place short positions for the pancake around the range of 114500 - 115000, targeting 112500 - 113000.

Auntie can lay out short positions near the range of 4150 - 4200, targeting 4070 - 4050.