Regarding the operational direction of Bitcoin tonight, there are some differences in opinions in the market. I have summarized the main arguments and key positions of both the longer and shorter sides for you, but please note that the crypto assets market is highly risky, especially in futures trading. The following information does not constitute investment advice, and you must make careful decisions.

The following summarizes several main operational ideas currently in the market, so you can quickly understand:

Thought direction core logic key position reference ( Bitcoin )
Be cautious and look for opportunities to go long. I believe the upward trend has not changed; after breaking through key resistance, a pullback is an entry opportunity. Support levels: 117,500, 116,200, 115,000, 114,000-115,000
Short at highs, beware of pullbacks. The price is believed to have reached resistance, with technical analysis indicating retracement pressure, and the market facing macroeconomic uncertainties. Resistance levels: 119,200, 119,500, 120,200～122,000

💡 The main influencing factors of the current market

To understand these differences, you need to pay attention to the following points:

· Macroeconomic sentiment and the dollar trend: The turmoil surrounding the U.S. government shutdown has strengthened market expectations for a possible interest rate cut by the Federal Reserve, which some analysts interpret as positive for Crypto Assets. At the same time, the strength and weakness of the dollar is usually negatively correlated with the price of Crypto Assets, which requires close attention.
· Technical signal divergence: This is the core of the differing views between longer and shorter positions.
· The longer believes that Bitcoin has strongly broken through the key resistance level, the upward channel is open, and the momentum is strong.
· Bears point out that the price is under pressure and falling at key resistance levels (such as $119,450), with daily charts showing a weakening of bullish momentum and a demand for a technical correction.
· Key data risk: Special attention is needed for the upcoming US PCE inflation data. This data is an important basis for the Federal Reserve's decisions. If the data exceeds expectations, it may weaken rate cut expectations and bring significant volatility to the market.

🛡️ Important Risk Warning

No matter which way of thinking you lean towards, you must be clear:

1. High volatility and high liquidation risk: The crypto assets market is extremely volatile. On October 2, after Bitcoin broke through $119,000, nearly 130,000 people across the network were liquidated within 24 hours due to high leverage trading, suffering heavy losses. It is essential to avoid using excessively high leverage.
2. Information is for reference only: The price levels and analyses mentioned above are derived from public market opinions, are time-sensitive, and may quickly become invalid.
3. Implement risk control: If you are trading, be sure to set a stop-loss level and strictly adhere to it.

I hope these clarifications can help you assess the market more comprehensively. If you are willing to share more specific trading preferences (for example, if you prefer shorter-term swings or are more focused on the trends of a specific time period), I can try to provide you with a more focused market analysis.