10.17 Noon BTC Market Overview | Short positions are still controlling the market trend, don't rush to buy the dip! 🚨

📉 Current status:
BTC is still lying in the downward channel, without showing a clear reversal.
Both bulls and bears are tugging at a critical position, waiting for direction confirmation.

📍 Key Levels:
▪️Strong resistance: 109,500 - 110,500
(Only breaking through here counts as bullish strength)
▪️First support: 107,600
(Recently tested position repeatedly)
▪️Strong support: 106,000 - 106,500
(It will be dangerous if it falls below here)
▪️Trend reversal signal: stabilize at 111,500
(Don't blindly be bullish before it arrives)

💡 Operation Suggestions:
🔻Short positions: If there is resistance when rebounding to 109,500-110,500, a light position can be taken short, with a target of 107,600 and proper stop-loss.
🔺Aggressive long: If 107,600 holds, you can try a small position long, with a stop loss set below 107,000.
🔺Steady long: Consider after breaking through 111,500, safety first!

Risk warning:

· The market has entered the "fear zone", with 5.2 billion liquidated in the last 24 hours.
· The collapse of American banks has triggered risk-averse sentiment, beware of chain reactions.
Before the downward channel is broken, going with the trend is the most important.
· Do not blindly buy the dip, control your hands!

#比特币行情 #加密货币 #btc web3