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Btc strategy on October 31
Yesterday, Bitcoin's decline was accompanied by decreasing trading volume, with no panic selling. The 107,000 level serves as strong support, and if it is not effectively broken, the downtrend is unlikely to continue.
The Bollinger Bands are narrowing on the 4-hour timeframe, indicating insufficient momentum and entering a consolidation phase. Coupled with favorable macroeconomic interest rate cuts, the probability of a breakout to the upside is higher.
Operation Suggestions:
The pancake has retraced to the 1080-1086 range.
First look at 110000, after breaking through, look up to 112000#美联储如期降息25基点