$BTC 10.31, BTC market analysis, today is the end of the monthly line, and there are relatively large variables! The daily chart has continuously closed with 4 consecutive bearish bars, and the Bollinger Bands have contracted from previously bullish to neutral. Yesterday, I also emphasized to adopt a neutral mindset as much as possible before the 12th. The price on the 4-hour chart has dropped from 116300 all the way down to 106200, and during the early trading session, a large-scale Rebound appeared for the first time. Based on this recovery point, the area around 111300 looks relatively safe. The hourly chart indicates that after breaking the downward channel yesterday, the upper resistance points are gradually dipping, while the lows are constantly refreshing, and the resistance point is around 110500. From an offensive perspective, the current Rebound ability is still showing higher trade volumes. Here, we need to follow for another opportunity around 110000, which could form a double top! It is relatively safer to trade in this area! Summary: Day trading focuses on higher neutral positions, while low positions can be opportunistically used to bet on Rebounds!