Article edited on October 21, 2025, at 14:20. All opinions do not constitute any investment advice! For learning and communication purposes only.

BTC closed with a small bullish candle yesterday, with a high around 111,705 and a low around 107,402. After reaching the upper area of concentrated positions around 111,800, it began to decline. As mentioned in the previous article, this area is also a dividing line between bulls and bears, indicating significant pressure here, making it difficult to break through in the short term.

On the daily chart, the Bollinger Bands are opening downwards, with pressure from the middle band at 111,500, and trading volume remains sluggish. On the 4-hour chart, MACD is showing a downward trend, breaking through the middle band of the Bollinger Bands, indicating relatively weak momentum. It is suggested to consider a light long position around 105,000 on a pullback, targeting 106,000-110,000. A light short position can be considered near 112,000, while aggressive traders may short around 108,000, targeting 107,000-105,000, with a stop loss of 500 points for each. The market is ever-changing, and specific operations should be based on real-time strategies.

Disclaimer: The above content is personal opinion, and the strategy is for reference only, not as an investment basis. Any risks taken are at your own discretion.

This article is exclusively provided by Coin Circle Fu Zhu, representing Fu Zhu's unique perspective. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. May my analysis serve as a lighthouse in the vast sea of the cryptocurrency market, guiding your journey.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。