October 28 BTC Market Analysis and Judgment

BTC daily line yesterday surged and then fell back, closing with an upper shadow bearish candle, indicating fierce competition between bulls and bears at the 116K level. The current trend is in the oscillation bottoming stage at the end of a mid-term adjustment; after confirming support below, the price is gradually recovering, but upward pressure remains significant, with the overall structure maintaining a slightly neutral to bullish pattern.

From the perspective of the moving average system, the short-term moving averages (MA7/MA14) continue to rise, and the candlestick is running along the line, establishing a short-term repair trend; however, the MA30 moving average (approximately 114.5K) has become a key resistance level, and if it breaks through with volume, it will open up further upward space.

In terms of volume structure, the previous increase in volume with a bearish candle corresponds to panic selling, while the recent rebound with reduced volume and moderate decline indicates that bottom-fishing funds are gradually entering the market, and bearish momentum is clearly weakening.

In terms of indicators, the MACD has formed a golden cross below the zero axis and is diverging upwards, with red bars continuing to expand, reflecting that short-term rebound momentum is accumulating. If BTC can break through the 115K line with volume within the next 1-3 days, it will formally establish a short-term upward structure, targeting the range of 121K—125K; conversely, if it fails to break through with volume for three consecutive days, it is likely to continue oscillating within the 111K—115K range.

Operation Suggestions:

Short-term trading should focus on bullish opportunities at the support zones of 113.5K—112.5K;

The upper pressure zone of 115K—116K serves as a demarcation point for bulls and bears; after breaking through, one can chase the bullish trend, while if blocked, the strategy should focus on shorting high and buying low. #加密市场反弹