BTC:

Since the drop on October 11, a rebound has begun, and today is the third day. The weekly K chart is currently temporarily maintained in a bullish control. The ( market shows above ma20 ). However, many real traders are still immersed in the fear brought by the crash 📉. Relative to the drop, the rebound appears "lacking strength". Currently, attention is focused on whether the resistance level of 116600 can be broken and maintained!

However, at this time, the 4-hour level is undergoing a sideways adjustment ( Specifically, it is a secondary adjustment ).
The adjustment range is around 112800 to 116600! As shown in the 4-hour chart.
In terms of form, this adjustment is relatively slow and lasting!
So, day traders should see the overall trend clearly and set their take profit and stop loss!