10.09 Bitcoin Trading Outlook

Market Analysis
Bitcoin rebounded after testing the lows, and the current price is 81964.9. The Bollinger Bands are narrowing, with the price trading near the upper band. The MACD histogram remains positive, indicating some short-term rebound momentum. Strong support is present below, and the market has entered a narrow range after the rebound. It is not advisable to chase longs here; wait for a pullback to the support zone before entering.

Key Levels
Resistance: 82300-82750
Strong resistance: 83000-83500
Support: 81500-81000
Strong support: 80800-80300

Trading Strategy
Consider entering long positions if the price stabilizes near the 81200-80800 range after a pullback.
First target: 81500-82000
Second target: 82300-82750
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