10.16 Bitcoin fluctuates back and forth, maintaining a strategy of high short and low long.

CN
8 hours ago

The Bitcoin trend is fluctuating back and forth, with bulls and bears continuing to battle. Regardless of the direction, there are advantages to be found. Yesterday, there were three waves, with two waves for both bulls and bears yielding two thousand points, and ultimately, the first wave exited at breakeven, which is overall quite good.

On the four-hour level, the price has tested the bottom multiple times without breaking the lower support. As long as it doesn't break above or below, we maintain a high for low strategy, looking for a bullish retracement.

Refer to the area around 110200-109800 for bullish sentiment, with a target towards 113000. The points are for reference only; actual trading takes precedence.

Follow the public account, for what can relieve worries, only Jiang Wei.

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