Opinion: Bitcoin completes bottom sweep 'hunting longs,' may shift to short squeeze next week, maintaining a bullish view above $79,800.

BlockBeats news, October 18 - Renowned trader Killa reviewed Bitcoin's weekly trend, noting that last week BTC fell from $87,000 to the $80,000 range and then rebounded 50%. After the current weekly open, the price surged on Monday but faced sustained resistance, ultimately sweeping downward to around $80,000, the low of the previous week. Currently, the market is mainly "hunting" longs, so there is a strong chance next week will shift to hunting shorts. In the short term, close attention should be paid to whether the week's low of $79,800 is swept again; if a sweep occurs, look for long opportunities.

Killa provided a clear observation framework: if the price does not sweep the bottom again, focus on the $83,600 area. If it fails to break above this area, the market will remain in a range-bound capitulation phase; if it successfully flips, the trend will break upward. He expects next week's weekly open to push upward, forcing recent late shorts to close their positions. In the worst-case scenario for bulls, BTC could deviate downward to the $76,000 to $78,000 range. The analyst also explicitly stated that he does not believe an extreme scenario of sweeping $74,000 will occur.