Yang Guang Bit | October 20
$BTC — Rebound highs are stepping down; short only, no longs this round
[Today’s Plan]
Entry: On a rebound into the 82,000–82,200 range
Stop loss: Above 82,650
Staggered take-profit levels:
First target: 81,300–81,000
Second target: 80,500–80,200
[Key Takeaway]
BTC surged to 83,149.8 yesterday, driven by falling oil prices and a rebound in tech stocks, then came under pressure and pulled back. It is currently trading around 81,750, with the 1-hour and 30-minute moving averages forming a dense resistance zone at 81,800–82,200. On the news front, Iran has placed 122 vessels on its “violations list” for the Strait of Hormuz; geopolitical tensions persist but have not escalated into direct conflict. Brent crude touched $110 again this morning, and oil prices remain volatile at elevated levels, keeping inflation expectations unsettled. CME data shows the probability of rates remaining unchanged in October has risen to 82.8%, further cooling rate-hike expectations. However, on-chain ETF flows still saw weekly net outflows of around $230 million, reflecting a cautious institutional stance. For the day, focus on shorting rebounds, with light short-term longs at support; don’t chase one-way moves. Stay on top of the trend throughout; no trend-driven crash or sharp plunge is expected. $BTC
#比特币短线站上8.2万美元