Market Analysis on the Evening of October 23

Today during the day, the pancake consistently stood firm at the key support level of 107500. This level has been the most solid defense line in terms of daily closing over the past two months. Although the upward movement has not shown a strong breakthrough, it has been more of a step-by-step rise amid fluctuations, but this support level has been tested multiple times in the market, confirming its effectiveness.

From the recent low point trajectory, it can be seen that the market bottom is gradually rising: this month's lowest point reached 101500, while last week's pullback low has risen to 103500. It is worth noting that yesterday's market did not drop to the expected 105300, the third support level, which directly reflects that the current strength of Bitcoin's movement has significantly increased.

Big Cake: It is recommended to position long orders in the range of 107600-108600, with a target towards the area of 110000-110500.

Two contracts: It is recommended to set up long positions in the range of 3780-3830, targeting the area of 3930-4000. #Gate2025年第三季度报告发布 #BTC走势分析 $BTC