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<h3>Fireline Report</h3>
<p>BTC surged past $110,000, posting a daily gain of over 1.8%. Market sentiment rebounded, with trading volume expanding within key ranges. Institutional and miner capital flows intensified, with veteran traders cashing out and short-term volatility intensifying.</p>
<h3>Trading Guide</h3>
<p>BTC is dominated by short-term bulls. Long in batches at the current price of 107888, with a stop loss at 106000 and a target at 115000. It will rise slowly within the range. If it falls below 107000 and cannot recover within two days, it will turn bearish. Aggressive short-term traders can follow the rise above 107500. Steady mid-line traders can arrange positions in batches. Stop loss if the daily closing is below 105000. Position control is the priority<span class="source"><a href="fx://followin.io/Feed?id=21003130"><img src="https://static.fwimg.io/img/user/f286ee439d5730cafeacbc22dd54bc44.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=20998946"><img src="https://static.fwimg.io/img/user/fa9603793de013e6d7050fba7cb1b123.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21004003"><img src="https://static.fwimg.io/img/user/4b6925a4b51db3410485d02ad815a1c4.jpg" width="20" height="20" /></a></span>.If it breaks through 115000, the structure will become stronger and it is suitable for trend holding. There is still a risk of callback before it stabilizes. The range of 109300-111000 can be used for T, and stop loss and take profit can be closed when it goes out of the range. Aggressive style can make short-term sprints, while conservative ones mainly place orders in batches<span class="source"><a href="fx://followin.io/Feed?id=21003245"><img src="https://static.fwimg.io/img/user/739f3bbe461c96d7b3a7eb891b9f049f.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21000592"><img src="https://static.fwimg.io/img/user/cfb25acc8ff4b1815976e4fa8ca01420.jpg" width="20" height="20" /></a></span>.。</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-24 07:16</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>The cooling of the trade war has driven Bitcoin&#39;s strong rebound to above $110,000</h1><h2> Key Points</h2><p> Driven by expectations of easing trade tensions, Bitcoin has rapidly rebounded from its mid-October low of $107,000 to above $110,000, and is currently consolidating around $109,846. The market directly attributes this rally to Trump&#39;s softening stance on China&#39;s trade policy and expectations of an upcoming meeting between Chinese and US leaders.</p><h2> Trade development timeline</h2><h3> Phase of escalating tensions (October 10-16)</h3><ul><li> <strong>October 10</strong> : Trump threatens to impose 100% tariffs and export controls on China, <a href="https://cryptoslate.com/trade-wars-and-bitcoin-blues-deja-vu-as-u-s-china-tensions-weigh-on-crypto/">claiming</a> &quot;we are already in a trade war,&quot; leading to the liquidation of approximately $19 billion in Bitcoin futures positions.</li><li> <strong>October 15</strong> : Trump officially &quot;confirms&quot; the trade war, reiterating his threat of 100% tariffs, <a href="https://cryptoslate.com/bitcoin-risks-falling-under-100000-as-trump-confirms-us-china-tradewar/">and</a> Bitcoin falls to $107,000.</li></ul><h3> Mitigation transition phase (October 17 to present)</h3><ul><li> <strong>October 17</strong> : Trump called 100% tariffs &quot;unsustainable&quot; in a Fox interview and said, &quot;I think we&#39;re going to get along very well with China.&quot; The market interpreted this as a easing signal, and Bitcoin rose 2% that day. <a href="https://finance.yahoo.com/news/crypto-markets-react-trump-walks-114911807.html">finance.yahoo</a></li><li> <strong>October 19</strong> : Economists expect &quot;calmer heads will prevail&quot; and believe a compromise will be reached in the <a href="https://www.ntd.com/cooler-heads-will-prevail-in-us-china-trade-war-economics-expert_1097552.html">negotiations</a> .</li><li> <strong>October 21-22</strong> : Bitcoin regained $110,000 and <a href="https://www.tribuneindia.com/partner-exclusives/bitcoin-price-analysis-btc-reclaims-110000-as-analysts-highlight-key-levels-to-watch/">fluctuated</a> between $111,000 and $113,000.</li></ul><h2> Technical Analysis</h2><h3> Price Action and Key Levels</h3><table><thead><tr><th> Support level</th><th> resistance level</th><th> Current Price</th><th> Trend Status</th></tr></thead><tbody><tr><td> $108,500</td><td> $110,000</td><td> $109,846</td><td> Short-term bullish consolidation</td></tr><tr><td> $107,000</td><td> $112,000-$114,000</td><td> -</td><td> Medium-term range fluctuations</td></tr></tbody></table><p> <strong>Current technical status</strong> :</p><ul><li> <strong>Short-term (1 hour)</strong> : RSI is at 61.6, showing healthy upward momentum, and the price is near the upper Bollinger Band.</li><li> <strong>Medium-term (4-hour)</strong> : RSI is neutral at 52.9, and the MACD histogram is shrinking but still positive, indicating that the upward trend has slowed but not weakened.</li><li> <strong>Long-term (daily)</strong> : RSI is at 44.4, indicating a bearish trend. MACD is deeply negative, indicating that it will take more time to digest the gains.</li></ul><h3> Derivatives Market Signals</h3><ul><li> <strong>Futures open interest</strong> : $69.3 billion (+0.01% in 24 hours), with a positive funding rate indicating bullish sentiment. <reference tool_id="call_64218779" category="heatmap" project="BTC" description="BTC OI USD and 24h change percent by exchange at 2025-10-23 07:22 UTC"/></li><li> <strong>Options data</strong> : Total holdings are $64.8 billion, with the biggest pain points concentrated in the $109,000-114,000 range, corresponding to recently expiring contracts. <reference tool_id="call_39930400" category="mix_bar_line_options" project="BTC" description="BTC options open interest and max pain data by exchange and expiration date"/></li><li> <strong>Liquidation risk</strong> : The total liquidation in 24 hours was US$117 million, with long liquidations accounting for 76%, indicating passive selling pressure during the pullback. <reference tool_id="call_22405312" category="mix_bar_line_liquidation" project="BTC" description="BTC liquidation risk map by price level and exchange (1d period) at 2025-10-23 07:22 UTC"/></li></ul><h2> On-chain data analysis</h2><h3> Exchange Fund Flows (October 16-23)</h3><table><thead><tr><th> Exchange</th><th> Balance changes</th><th> Range of change</th><th> Current balance</th></tr></thead><tbody><tr><td> Binance</td><td> +1,603 BTC</td><td> +0.3%</td><td> 597,576 BTC</td></tr><tr><td> Coinbase</td><td> -1,660 BTC</td><td> -0.2%</td><td> 893,045 BTC</td></tr><tr><td> Bitfinex</td><td> +2,540 BTC</td><td> +1.6%</td><td> 164,820 BTC</td></tr><tr><td> Kraken</td><td> -1,560 BTC</td><td> -1.0%</td><td> 150,493 BTC</td></tr></tbody></table><p> <strong>Key findings</strong> :</p><ul><li> <strong>Net outflow pattern</strong> : The four major exchanges saw a net outflow of 76 BTC, indicating that holders tend to withdraw their coins to cold wallets.</li><li> <strong>Regional differences</strong> : US centralized exchanges (Coinbase, Kraken) saw net outflows, while Asian exchanges (Binance, Bitfinex) saw net inflows, reflecting the need to hedge against geopolitical risks.</li><li> <strong>Institutional stability</strong> : MicroStrategy&#39;s holdings remained unchanged at 468,452.57 BTC, with no selling during the rally.</li></ul><h2> Social sentiment analysis</h2><h3> Mainstream narrative themes</h3><p> <strong>Bitcoin as a Geopolitical Hedge</strong> :</p><ul><li> Well-known KOLs such as Tim Draper and Michael Saylor see the trade war as a catalyst for the devaluation of fiat currencies, emphasizing the advantages of Bitcoin as a &quot;neutral reserve asset.&quot;</li><li> Citing historical precedent, institutional analysts believe that trade conflicts will accelerate the printing of money by central banks, which will benefit hard assets such as Bitcoin.</li><li> Macro analysts such as Preston Pysh anticipate a &quot;Plaza Accord 2.0&quot; scenario, with financial wars driving Bitcoin higher.</li></ul><p> <strong>Mitigating expected market reactions</strong> :</p><ul><li> The easing of Sino-US tensions was interpreted as positive for risk assets, with Bitcoin being the first to react due to its 24/7 trading characteristics.</li><li> Community discussion is focused on the upcoming Seoul summit (October 31st), with the suggestion that a symbolic tariff pause could propel Bitcoin past $120,000.</li></ul><h2> Market Outlook</h2><h3> Upcoming Catalysts</h3><ul><li> <strong>October 31st US-China summit</strong> : If positive results are achieved, analysts predict Bitcoin could hit the CME gap of $114,000-116,000</li><li> <strong>Technical Breakout Conditions</strong> : A close above $110,000 would confirm continued gains, targeting the $112,000-$120,000 range.</li><li> <strong>Risk factors</strong> : A failed meeting or new export control measures could retest the $104,000-107,000 support area.</li></ul><h3> Trading strategy recommendations</h3><ul><li> <strong>Bullish breakout</strong> : Long in the $109,800-$110,000 range, target $112,000, stop loss $108,500</li><li> <strong>Risk Management</strong> : It is recommended to use leverage below 5x, considering the distribution of liquidation clusters and increased volatility.</li></ul><h2> in conclusion</h2><p> Bitcoin&#39;s rapid rebound from $107,000 to above $110,000 directly reflects market expectations of easing Sino-US trade tensions. Technically, short-term momentum is healthy, but a break above $110,000 is needed to confirm the trend&#39;s continuation. On-chain data indicates net outflows and steady institutional holdings supporting the rally. Social sentiment is positioning Bitcoin as a hedge against geopolitical uncertainty. A key focus is the Seoul summit on October 31st, as positive developments could catalyze the next leg of the rally towards the $120,000 region.</p>
