Tuesday morning thoughts:

Bitcoin rebounded yesterday, touching a high of 116,379 before slightly slowing down. The current price has returned to around 114,000, fluctuating within this range. The 4-hour chart shows a slight slowdown in rhythm, with repeated high spikes and pullbacks confirming support at the 110,000 level, which remains a key focus this week. If this crucial defensive support is broken, we should be cautious of a deeper correction. The weekly low support is around 110,000, indicating that the round number of 110,000 serves as mid-term bullish defense. A break would deepen the adjustment space. Currently, the short-term trend is temporarily maintaining high-level fluctuations, but the Bollinger Bands are in a state of contraction. The price is facing slight resistance near the upper band. The 1-hour chart is trapped in high-level dull fluctuations, with no obvious unilateral signals. This morning, we continue to treat the short-term as fluctuating, participating around the range with high shorts and low longs.

The morning personal trading suggestion for Bitcoin is to buy on the dip around 112800-112300, targeting the area near 115000-116000.

Ethereum also welcomed a surge of bulls yesterday, with prices oscillating upwards and returning to above 4100 for further consolidation. The 4-hour chart has temporarily entered a period of dull consolidation. Considering the structure of the larger cycle is forming a second wave upward, the main strategy in the short term is to maintain a low long position until it breaks below the 4000 integer level. This upward structure should hold above the key support point before losing it, meaning as long as the critical point is maintained, the trend remains intact. The smaller cycle chart currently lacks some momentum, possibly consolidating before gaining strength, while also needing some positive news to stimulate the market, waiting for a breakout after consolidation.

In the morning, the personal trading suggestion for Ethereum is to continue to go long around the pullback of 4050-4020, aiming for a target near 4150-4200.
#十月加密市场预测