10.21 Market Analysis: Bitcoin faces resistance at highs, short positions are ongoing.

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13 hours ago

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  BTC: Yesterday, the highest price rebounded to the resistance level of 111700 on the daily chart, and today the price started to pull back, testing the support line at 107500. Although the daily trend is slightly bearish, the key support below is around 106000. As long as this level is not effectively broken, a large-scale one-sided market is unlikely to occur, and the recent trend will lean towards consolidation.

ETH: If the key resistance area above 4100-4130 cannot be effectively broken, there will not be a particularly obvious upward trend in the near future, and the probability of a downward fluctuation will be slightly higher, with support at the 3800 line.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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