10.29 BTC ETH midday thoughts

From the market perspective, BTC has fallen to around 112k, near strong support, and has started to fluctuate, which is part of a short-term correction after the previous excessive decline. Currently, the price is still running below the middle band of the Bollinger Bands, which continues to widen, and the downtrend has yet to be reversed. After the MACD death cross, the green bars continue to expand, indicating that bearish energy is still being released; at the same time, trading volume has noticeably shrunk, and the rebound lacks effective support.
In the short-term structure, BTC has repeatedly failed to break through the 116K area, forming a phased top, and is currently in a technical correction phase. Coupled with the rising risk aversion sentiment on a macro level and obvious signs of capital inflow, the bears still hold the dominant position. If the price effectively breaks below the 112K support, further probing of the 110K integer level cannot be ruled out.
personal suggestion
BTC: 112800-113300 enter the market, target down to 111500, if it breaks, look at 110000
ETH: Enter at 4020-4050, target to look down at 3860, if it breaks look at 3700! #ETH链上活动升温