#加密市场回调 Today, the Crypto Assets market is showing a clear downward trend, with short positions continuing to make a strong push, marking the start of a new round of falling momentum. Bitcoin has been under pressure since the high point of 116000 at night, sliding down to around 11800, while Ether has dropped from 4170 to the 3925 region. The overall market can be divided into three phases: first, a significant drop at midnight, followed by a period of consolidation during the day, and finally, a downward breakout once again.



The market trend is very clear, allowing investors to seize multiple trading opportunities. The first round of falls from midnight to morning provided a good short positions opportunity, and the short positions setup formed again in the afternoon also yielded good returns in the evening. Overall, Bitcoin's space reached 2543 points, while Ethereum had a volatility space of 80 points. Such a clear market trend provides a great profit opportunity for prepared traders.

From a technical analysis perspective, the four-hour chart shows that the market is operating in a wave-like downward pattern, falling from the upper Bollinger Band to the lower band area. Although there were brief upward tests during this period, the bullish momentum is clearly insufficient, with a long upper shadow forming above, indicating strong resistance. Currently, the candlesticks are continuously testing the bottom support, and a technical rebound may occur in the short term.

From the hourly perspective, a short positions trend has formed and is continuing to strengthen, with prices constantly declining, showing a strong downward pattern under pressure from the middle and lower track. In terms of operational strategy, it is recommended to continue watching for pullback opportunities, as the downward trend is likely to continue after the short-term rebound ends. It is worth noting that there may be interest rate cut-related news at midnight, which could bring significant volatility, and investors need to be prepared for risk prevention.

Reference Price Levels: Bitcoin can pay attention to short position opportunities in the 112000-112500 range, with a target of 109000; Ethereum can pay attention to short position opportunities in the 4030-4070 range, with a target of 3800.

$BTC
BTC-3.61%
ETH-4.73%
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fren_with_benefitsvip
· 10-29 18:52
Can't stand anymore, right? Now you know to run.
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GateUser-addcaaf7vip
· 10-29 18:52
Big dump is here, bull turns to bear
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fork_in_the_roadvip
· 10-29 18:30
It's the familiar falling rhythm again, Short!
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