Looking back at the early morning market, Bitcoin showed a slight rise supported by long positions, successfully stabilizing at the key level of 108,000 USD and probing towards the 109,300 line. Currently, although there is a slight pullback to around 108,800, it remains above the strong support established by the previous breakout. This high-level consolidation pattern indicates that the strong foundation of the market has not been shaken, and the long positions still dominate the market data.

From a technical perspective, the price is solidly above $108,000, indicating that this level has transformed from resistance to strong support. The continuous volume accompanying the rise in the early morning suggests that buying pressure is active and solid. The current pullback is a healthy technical retracement that can digest short-term profit-taking while accumulating energy for the subsequent breakout. The short-term moving average system is in a long positions arrangement, providing good support for the coin price. Overall, Bitcoin is in a high-level consolidation phase, and the brief pullback is preparing for a new round of upward attack. As long as the price holds the support area of $108,000 - $107,800, there is still the potential to challenge the previous high of $109,300. It is recommended to maintain a bullish outlook, focusing on the stabilization signals near the support level, as breaking through the previous high will open up greater upward space.
#十月降息预测 $BTC
Bitcoin strategy: long in the range of 108000-108500, target 110500
Ethereum strategy: long positions in the range of 3960-3985, target 4085