October 24 Bitcoin Market Analysis and Judgment:

Yesterday's research report clearly mentioned the subsequent market trends, indicating that in the short term (1-3 days), it will tend to test the 107-110K range, with a key focus on the 110.3 line above. Yesterday, the highest reached the 111 line, then fell back to stabilize around the 109 line. Currently, it is back at the 110 line and shows signs of continuing upward momentum.

From the short-term MA moving averages, the 7-day line has already turned upwards, while the 14-day moving average is flat. However, the pressure from the 6-month line above is still very strong, with three breakthroughs closing below this level. In terms of trading volume, the current rebound volume is relatively small, indicating weak bullish strength. Recently, the upward volume has shrunk significantly, especially with the recent small bullish candles, where trading volume has not effectively expanded, suggesting that the rebound still lacks sufficient support. Currently, the MACD indicator does not show obvious bottom divergence signals, indicating that the short-term reversal structure is not complete.

In the short term, Bitcoin may continue to oscillate and consolidate in the 110K to 113K range. It is crucial to pay attention to whether there will be an increase in volume leading to a breakout direction.

For intraday operations, the key support level to focus on is the 109.3K—108.3K line for bullish sentiment, while the key resistance level to watch is the 113.5K—114.5K line.