October 21st BTC morning share:

Trend Reversal Signal: After BTC previously broke through the key high of 111650, momentum has exhausted, failing to establish effective stability, becoming a short-term "emotional watershed". Subsequently, the market shifted from "breakout bullish" to divergence, with retail investors' panic over the high-level pullback dominating short-term trading, directly suppressing the rebound space, and even small rebounds have not been able to reverse the trend of capital outflow.

The technical aspect is clearly under pressure: the hourly chart shows a "small consecutive bearish" pattern, and the break below the 110000 integer level indicates a failure of short-term support; indicators such as MACD and KDJ show that bearish momentum continues to expand, and the moving average system is simultaneously diverging downward, indicating that the technical aspect has entered a clear short-term adjustment period.

Key price level anchoring: The current core support focuses on 107500, which is not only a level that has been tested multiple times during previous pullbacks but also the "line of life and death" in the short-term battle between bulls and bears; if the support fails, the next strong support will move down to 106000, which corresponds to the lower edge of the previous oscillation platform and has certain expectations for buying support.

Entry range: Choose to gradually accumulate longs in the 108000-107500 range. On one hand, this avoids the direct gamble on the 107500 support level, leaving enough buffer space; on the other hand, this range is in the "above support level + weakening bearish momentum" area, which can reduce the risk of being directly stopped out after entering.

Target setting: The first target is set at 109500, corresponding to the lower edge of the previous hourly consolidation range, which has a certain amount of pressure from trapped positions; the second target is set at 111000.

If the price clearly breaks below the support of 107500, you can short with a light position, targeting directly around 106000.
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