#加密市场回调 Bitcoin is currently in a downward trend, with technical indicators showing weakness, and market sentiment is cautious ahead of key events. The short positions established near the 116,000 point level yesterday have performed well, and investors may consider taking profit near the 112,000 point level to lock in about 4,000 points of profit, or they may choose a partial take profit strategy, retaining some positions to seek greater gains.

The current market is greatly influenced by news and is at a sensitive technical node, so it is recommended to maintain a light position and keep trading flexible.

From a technical perspective, the range between 115800 and 116500 constitutes an important resistance level, which has been tested multiple times without breaking through, becoming a clear dividing line between bulls and bears. The range between 112000 and 111800 points serves as recent important support; if this dense trading area is breached, it could trigger further downward movement.

In terms of operational strategy, consider positioning short positions during rebounds in the range of 115000-116000.

It is particularly noteworthy that the Federal Reserve's interest rate meeting, which will be held in the early hours of October 30th Beijing time, will become the market focus. Although the market widely expects a rate cut, investors need to pay close attention to the tone of the policy statement after the meeting. This event is likely to lead to significant price fluctuations, thus market participants generally maintain a cautious attitude before the meeting.

Another noteworthy risk point is the existence of a "gap" around $110,700 on the Bitcoin futures chart at the CME exchange. From a technical analysis perspective, such gaps are often closed in subsequent market movements, which constitutes a potential downside target.

Looking ahead, if the price can effectively break through the strong resistance at the 116500 level, it may initiate a new round of upward movement, with the next target potentially pointing towards around 120000. Conversely, if the price falls below the support range of 111800-113400, it indicates that the short positions are continuously strengthening, and it may subsequently test the support level of 110700 or even lower at 108000.