10.16 Afternoon BTC | The short positions dominate the pattern clearly, and the rebound is weak, positioning according to the trend!

From the hourly chart, the BTC Bollinger Bands continue to open downward, with the middle band and lower band moving down synchronously, and the overall structure showing a clear short position arrangement. Although there are occasional rebounds during the session, multiple attempts to break above the middle band pressure have failed to establish a solid position, and after each rebound, it quickly falls back, indicating that the bullish momentum is obviously insufficient, making it difficult to organize an effective counterattack.

It is recommended to mainly focus on short positions during the rebound, paying attention to the pressure in the 112000-112600 range, and to set short orders at highs. The primary target below is the 110000 integer level, and if it further breaks down, it can be looked towards the support near 109000. #币圈