In the speech community live broadcast: Bitcoin stands firm at $114000, is it the charge or the final carnival?

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The K-line chart of Bitcoin fluctuates violently, with both long and short sides engaging in a fierce game at the $110000 mark. Every trader is asking: Is this the starting point of a new round of gains or the final feast before a sharp decline? Bitcoin once again became the focus when it opened on Wall Street, breaking through the $114000 mark in one fell swoop. This sudden rebound occurred at the opening of Wall Street on Monday, with BTC/USD rising more than 1.5% during the day. However, traders are not blindly optimistic, they are closely watching a key level: the CME gap around $110000, which is like a magnet that may briefly pull the price back. 【 01 Long Short Battle: Bitcoin at the Crossroads 】 The market is currently at a delicate equilibrium point. On the one hand, Bitcoin has demonstrated strong resilience; On the other hand, potential risks cannot be ignored. Swissblock, a cryptocurrency market insight company, warns that the Bitcoin market is "in a delicate balance". They pointed out that after losing $113000, Bitcoin hovered below $112000, and a backtesting of $110000 is imminent. This divergence is particularly evident in the flow of funds. According to the CoinShares report, there was a net outflow of approximately $719 million from Bitcoin related exchange traded products last week. At the same time, investors' attitudes towards alternative currencies have also become polarized, with Ethereum experiencing capital outflows and Solana attracting a large influx of funds against the trend. 【 02 Seeing Many Signals: Uptober and Institutional Confidence 】 The factors supporting the continued rise of Bitcoin cannot be ignored. Trading firm QCP Capital points out that the classic cryptocurrency "Uptober" has a promising future. Historical data shows that October is often a month of strong Bitcoin performance, and this seasonal pattern has been widely observed by market participants. More importantly, institutions' interest in Bitcoin remains stable. Despite market fluctuations, BlackRock purchased over 700 BTC (worth approximately $77 million) through Coinbase Prime. Even in the face of the volatility risk brought by the expiration of $17.5 billion Bitcoin options, this institutional level purchase still demonstrates strong market confidence. QCP Capital's analysis shows that BTC needs to break through $115000 again to "confirm a renewed upward trend. Once this key resistance level is breached, it may open up even greater upward potential. 【 03 Short Risk: Gap and Macro Pressure 】 Short positions also have sufficient reasons. The new "gap" formed in the Chicago Mercantile Exchange (CME) Bitcoin futures market has become a key factor in the expected price decline. As reported by Cointelegraph, CME gaps often act as price "magnets", attracting the market to fill them within weeks, days, or even hours. To fill this gap, BTC/USD needs to break through a new large amount of buying liquidity centered around $111000. Macro factors are also exerting pressure. Federal Reserve Chairman Jerome Powell emphasized that the central bank will not rush to cut interest rates, a stance that keeps investors cautious. The US dollar index rose to a three week high due to lower than expected initial jobless claims, putting downward pressure on cryptocurrencies, stocks, and gold. Technical viewpoint: Health correction or bear market beginning Technical analysts have divergent views on market conditions. Some experts believe that the previous dip in Bitcoin prices was due to the re bottoming out of overheated multiple orders that were liquidated, and such consolidation helps rebuild the foundation for the rise. According to market research firm Adalrus Crypto Insights, open contracts in the derivatives market have fallen back to a "healthy level" during the adjustment period and are considered an important indicator of potential continued strength in the future. However, bearish analysts warn that if Bitcoin falls below the key support of $110000, it may further drop to $100000. Even more pessimistic views suggest that if key support levels are breached, Bitcoin may experience a significant pullback, with $60000 becoming a key long-term bottom line. Returning to our initial question: Is Bitcoin's steady $114000 a charge or the final frenzy? Technical analysis shows that $115000 is a key resistance level, and a breakthrough could open up a new upward trend. The CME gap around $110000 is like a magnet, which may briefly pull the price back. Trader Keith Alan's description of the market outlook is particularly appropriate: "I particularly expect the market to become intense around the close of Sunday's weekly line and continue until the monthly close on Tuesday In the world of cryptocurrency, the only certainty is that there will always be uncertainty. Operation suggestion: - BTC 113450 long first target watch 114850 second target watch 115765; - ETH 414 0 long first target watch 4190 second target watch 4230 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.