$BTC It could dip even lower in the short term, but personally, I don't think it will fall by much. 🤔 The higher-timeframe trend is still bullish.
Current structure: The 4-hour chart is moving sideways within a range. Combined with Max Pain, the October 30 options expiry is a key short-term window. This cycle's max pain is around 77000, which may act as a short-term magnet for capital, but that doesn't mean price will necessarily reach it.
Key levels
Resistance: First resistance at 82200, strong resistance at 83200
Support: First support at 79200, strong support at 77000
Market outlook
The 4-hour candles are currently chopping back and forth within the range, with buyers and sellers temporarily balanced. Selling pressure overhead remains significant, but buyers are still providing support below.
If price breaks above 82200 with strong volume, you can look for a move higher toward 83200.
If price breaks below 79200 with strong volume, it may drop further toward 77000, closer to the options max pain zone.
False breakouts are common in sideways markets, so don't chase trades. Wait for a direction to be confirmed by a surge in volume before acting.
Trading ideas
If price retests 79200 and holds above support, you could try a small long position, with a stop-loss below 78500.
If a rebound to 83200 is rejected, you could try a short position, with a stop-loss above 83700. #股票财报季
Current structure: The 4-hour chart is moving sideways within a range. Combined with Max Pain, the October 30 options expiry is a key short-term window. This cycle's max pain is around 77000, which may act as a short-term magnet for capital, but that doesn't mean price will necessarily reach it.
Key levels
Resistance: First resistance at 82200, strong resistance at 83200
Support: First support at 79200, strong support at 77000
Market outlook
The 4-hour candles are currently chopping back and forth within the range, with buyers and sellers temporarily balanced. Selling pressure overhead remains significant, but buyers are still providing support below.
If price breaks above 82200 with strong volume, you can look for a move higher toward 83200.
If price breaks below 79200 with strong volume, it may drop further toward 77000, closer to the options max pain zone.
False breakouts are common in sideways markets, so don't chase trades. Wait for a direction to be confirmed by a surge in volume before acting.
Trading ideas
If price retests 79200 and holds above support, you could try a small long position, with a stop-loss below 78500.
If a rebound to 83200 is rejected, you could try a short position, with a stop-loss above 83700. #股票财报季
