2025/10/17 $BTC is in a weak consolidation phase within a falling trend on the 4-hour level. It is recommended to mainly observe and wait for clearer directional signals. If you wish to operate, you may try to take a small long position near the support level, with strict stop-loss.

1. Price Trend Analysis

From $123,306 on October 8, it continuously fell to $109,041 on October 17, a decrease of about 11.6%.

There were multiple attempts to rebound during the period, but none were able to break through the key resistance level.

The latest price is fluctuating around $109,000, which is relatively low in recent times.

2. Technical Indicator Signals

MACD Indicator:

MACD_DIF and MACD_DEA remain negative, indicating a bearish dominance.

The MACD histogram fluctuates between -200 and -1500, indicating strong bearish momentum.

The recent bar chart has narrowed, but it is still in the negative value area.

EMA Moving Average:

The fast line EMA(122,074) is below the slow line EMA(122,193), forming a death cross.

Double lines continue to fall, confirming the downtrend.

The price is running below the EMA, with clear resistance.

RSI Indicator:

RSI fluctuates in the 30-55 range, spending most of the time below the 50 midline.

The latest RSI is 37.5, in the weak zone but not oversold.

Sell pressure still exists

StochRSI Indicator:

The K value and D value are fluctuating at a low level, currently at 14.2 and 14.2 respectively.

Shows that in the short term it is in the oversold area, there may be a technical rebound demand.

3. Volume Analysis

During the significant fall on October 10-11, the trading volume increased significantly.

The trading volume has relatively shrunk during the recent rebound, lacking buy support.

The overall presentation shows a weak characteristic of a fall with increased volume and a rebound with decreased volume.

Key level analysis:

Resistance level:

115,000-116,000 USD (previous rebound high point)

$112,000 (recent upper range of fluctuations)

$118,000 (important psychological level)

Support level:

$107,500-$108,000 (recent low point area)

$105,000 (important psychological support)

$102,000 (flash crash low on October 10) #美联储降息预期升温 #十月加密市场预测