Bitcoin Market Analysis and Trading Suggestions for October 17 (Written at 1:34 AM):

The current price of Bitcoin is around 108,700. Yesterday, I mentioned that if the 110,000 level and the daily EMA160 are lost, breaking the low points of several days of consolidation, it would reach the EMA200 (107,876) and the lower boundary area. The evening market arrived as expected, and this wave of shorts has been enough for patient fans to profit! The evening market formed a pin bar rebound at the EMA200 position. Currently, there is a possibility of low-level consolidation in the short term 1H, but both KDJ and RSI have not yet entered oversold territory before turning, which is an abnormal phenomenon. Fans should not blindly chase longs; it is best to wait for a rebound to short, as the overall bearish trend is relatively strong, and I believe it will continue! For the upper side, still refer to the daily EMA160 and the 4H mid-track pressure area for entry layout. For the lower side, continue to watch if the second retest of the daily EMA200 can hold; if it cannot hold, we will still see the lower boundary I mentioned yesterday (around 106,400).

Sell Point: ≥110,000 light short, add above 112,000, stop loss above 112,500; take profit at 108,600-107,800; breaking below 107,700-107,500 can continue to hold for below 106,500!

Buy Point: ≤106,500 light long, stop loss below 105,500; take profit at 107,700-108,500-109,500;

There may be delays in article review and push notifications. The above points are for reference only; please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.

Remember, the cryptocurrency world is not just about numbers and charts; it is also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and enhance your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, I wish you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, I am cheering for you and looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!

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