BTC | October 29: Today's outlook
Short: Short if 80,800–81,300 acts as resistance, stop-loss above 81,700, targets 80,000 and 79,500.
Long: Go long if 79,300–79,600 holds, stop-loss below 7,9000, targets 80,000 and 80,500.
Yesterday, the price rebounded to around 81,500 but ultimately failed to hold, then a large bearish candle drove it back near 80,000.
The rebound failed to hold above, while the price has not truly broken below the previous low either; bulls and bears are still battling in the short term.
From the 4-hour chart, the overall downtrend structure has not reversed; but after reb