Gate Research Institute: JELLYJELLY 24-hour rise exceeds 40%|Strategy third quarter profits declineencryption assets panorama
BTC (-0.87% | Current Price 109,602 USDT)
In the past 24 hours, BTC experienced a rapid pullback from its high, followed by a short-term rebound. The price fell from around $116,388.8 to an intraday low of about $106,286.5, where it found support and rose to approximately $109,602.7. Short-term moving averages indicate that short-term buying is entering the market, forming an initial short-term golden cross, suggesting that short-term bullish momentum is starting to recover from the lows. However, the MA30 is still in a downtrend and presents resistance near the current price, indicating that the overall trend has not yet completed its reversal. If the price can stabilize within the $109,000–$109,500 range in the next 24 hours, accompanied by an increase in trading volume, there is a short-term possibility to challenge the resistance at $111,000 and validate the trend.
GateResearch·2025-10-31 06:35