10.20 Market Analysis: Bitcoin Strongly Rebounds, BIO Welcomes Major Good News

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7 hours ago

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BTC: Currently, from a weekly perspective, it has broken through and stabilized in the previous resistance area of 108,000. There has been a small-scale rebound in the short term. At present, the minor resistance above is between 112,700 and 113,500. Only by breaking through this level will a larger-scale rebound occur. The short-term support is around 108,000, and if it approaches this area without breaking down, consider the possibility of buying on dips. This market should be treated as a rebound from an oversold condition; do not blindly chase after rising prices.

ETH: The more obvious resistance above is between 4,100 and 4,150. In the short term, it is experiencing a rebound. A true independent breakout will require breaking through and stabilizing above the previous resistance area. There is a need for a pullback in the short term, so pay attention to the support area around 3,900.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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