Trend Time: BTC's downward movement at the weekly level started in early October after the completion of the first wave of decline and began to rebound. The rebound reached the range between 115000-117000 as indicated last Monday, October 27. Since last Monday, a new swing trading downward movement has started. After completing a short-term decline of 10,000 points, a 3-day rebound began on Friday, as shown in the chart below; the rebound strength of BTC is relatively weak, reaching the second resistance near 111200. Since last night, a new swing trading downward movement has continued. From the current pattern, the second swing trading downward phase of the weekly chart started on October 27 and is currently in a downward process. Even if a short-term rebound occurs, the space will not be too large. This week is expected to fluctuate downward. I need to pay close attention to the breakout situation around 101000 this week. According to wave analysis, it should be able to break, but the support in the 101000 range is particularly strong. If it cannot break this week, it will affect the mid-term adjustment pattern of BTC. More swing trading focus on @浪哥必说.