Yang Guang bit | October 19 $BTC — Oil prices retreat and rate hike expectations cool, bringing the oversold rebound close to resistance
【Today's Strategy】
Entry timing: Enter short positions on a rebound into the 82500—82800 range
Stop-loss: Set the stop-loss for short positions above 83100
Staggered take-profit:
First target: 81500—81800
Second target: 80800—81000
【Key Takeaways】
BTC began an oversold rebound over the weekend from a low of 80621 and is currently trading around 82350, up nearly 1700 points from the low; on the 4-hour chart, price has moved above the short-term moving averages, but EMA30 (81939) and the dense moving-average zone overhead at 82500—82800 form key resistance. On the news front, Iran's foreign minister said the "7-day plan" remains on the negotiating table, raising expectations that the Strait of Hormuz will reopen; international oil prices plunged in the short term, with WTI falling below $99, easing inflationary pressure at the margin; CME data show the probability of rates remaining unchanged in October has risen to 83.9%, cooling rate hike expectations; however, on-chain Bitcoin ETFs have seen nearly $910 million in net outflows for two consecutive weeks, with institutional funds still pulling out, casting doubt on the rebound's staying power. For the day, favor shorts at resistance and small, short-term longs at support; don't chase one-way moves, stay on top of the trend throughout, and a trend-driven crash and plunge will not occur. $BTC ‌#比特币短线站上8.2万美元

Everyone online is watching $SNDK tonight: will the storage sector’s oversold rebound continue, or will it rise and then pull back?
Everyone is waiting for the U.S. market to open and to see whether SanDisk can hit 1400. Yesterday’s sharp drop probably wiped out quite a few long-term traders. There probably aren’t many short-term traders, after all, it’s the weekend.
Although it recovered today, many short-term traders are still worried about SanDisk holding around this level. Quite a few are hesitating, but Coin Bro thinks premarket volume has already picked up, shaking out some unhealthy speculative positions.
Tonight’s market can still be viewed with a bullish bias, but whether it can replicate the night of July 30 depends on whether it can hold 1400. If it holds 1400, this recovery could continue; if it touches 1400 but can’t hold, this move is most likely a bull trap.
I’m still personally bullish. After all, many tech companies are reporting earnings this week, and their profits look quite good. It’s likely to break through 1400 tonight, but there are also plenty of bears. Tonight feels like a storm is brewing #拉脱维亚通过加密货币税法