Assessment $BTC on October 18:
$BNB
- Daily Frame: BTC continued to drop sharply from 108-103 yesterday. In this phase, I will continue to recommend to the team to short towards 106xxx but also to Long quite early around 105-106 to catch the rebound.
BTC is still in a strong downtrend, but the technical indicators are at very low levels, so I predict that the team will see a rebound last night, today, and tomorrow.
Support: 105-103
Resistance: 109-110

- D3 - D4 Frame: By the end of today, a new candle will open, coinciding with the weekend, so I think today BTC will trade short to mainly recover the indicators. The team shouldn't expect too much from a long price column today.

- Weekly Frame: The weekly chart is looking very bad. So I think this week's candle will have a long wick to allow for a much deeper low next week.

=>> Personal Assessment:
- I am calling the team to Long after closing 2 short orders from 114-106. Therefore, I think there will be a short rebound today and tomorrow.
- The 103 zone yesterday is definitely not the bottom of this downwave. But the team shouldn't think that BTC will drop straight down like altcoins or have a panic sell of 10,000-20,000 in price again. That would destroy the market completely.
- I think there will be another 2-3 bottoms before this downtrend ends, considering the market gets reset and enters a new accumulation phase.
- I still remind the team, the harder the market gets, the easier it is for information sources to be verified. The team should filter down to 3-5 reliable sources only.
Wish you all good luck. My plan is still updated in the team!

{future}(BNBUSDT)

{future}(BTCUSDT)