BTC is bound to break the 110,000 USD resistance level. Beware of bull traps and the impact of macro events.

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[Coin World] The overall sentiment among traders remains bearish, with analysts warning that the recent rebound in Bitcoin may represent a bull trap rather than the beginning of a sustained rebound. The report emphasizes that $110,000 and $112,000 are key resistance levels that BTC must decisively break through to confirm bullish momentum. Failure to maintain these resistance levels could lead to new selling pressure. Traders are also following upcoming macro events, including the Federal Open Market Committee (FOMC) policy decision on October 29, and potential tariff policy measures that former U.S. President Donald Trump is expected to announce on November 1, both of which could inject volatility into the crypto asset market.

BTC-1.92%
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rugpull_survivorvip
· 10-20 17:50
Don't panic, we've been through 2018.
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OnchainFortuneTellervip
· 10-20 17:50
Both trap and speak the truth?
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CountdownToBrokevip
· 10-20 17:50
Who will bet a thousand yuan with me that it will fall tomorrow?
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DEXRobinHoodvip
· 10-20 17:49
Who says it won't rise just because it hasn't?
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GasFeeTherapistvip
· 10-20 17:28
Rebound is an excellent get on board opportunity for short order.
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