Song Ting: 10/6 BTC Plan
During the National Day holiday, liquidity was insufficient, and BTC came under pressure and pulled back again. After placing short positions around 87,000 for several consecutive trading days, BTC has generally continued to return to range-bound trading.
On the four-hour chart, BTC is still trading within a broad range, with resistance above and support below. Today, the market will most likely continue to consolidate. Watch the 86,300–86,800 area for resistance. Without clear momentum, BTC is likely to remain range-bound.
Short near 86,300 or 86,800 resistance. The short-term target is 85,000–84,000. With continued near-term pressure, BTC is likely to pull back further.$BTC $ETH
During the National Day holiday, liquidity was insufficient, and BTC came under pressure and pulled back again. After placing short positions around 87,000 for several consecutive trading days, BTC has generally continued to return to range-bound trading.
On the four-hour chart, BTC is still trading within a broad range, with resistance above and support below. Today, the market will most likely continue to consolidate. Watch the 86,300–86,800 area for resistance. Without clear momentum, BTC is likely to remain range-bound.
Short near 86,300 or 86,800 resistance. The short-term target is 85,000–84,000. With continued near-term pressure, BTC is likely to pull back further.$BTC $ETH
