JackYi: BTC is undergoing a phase pullback in the bull market, with the $81,000 400-day moving average acting as strong support.

On October 13, JackYi (@Jackyi_ld) published an analysis stating that Bitcoin currently has strong support at the $81,000 level from its 400-day moving average, rebounding quickly each time a pullback touches it; $84,000 serves as resistance at the 20-day moving average, and if broken, will test the strong resistance at $86,500. Bitcoin is currently in a downtrend across the 15-minute, 1-hour, 4-hour, and daily charts, but the larger timeframe remains in a bullish uptrend. This phase is a cyclical pullback within the ongoing rise, so patience is advised and frequent trading is not recommended.