As September comes to an end, the cryptocurrency market is showing signs of recovery. The price of Bitcoin (BTC) continues to rise, forming a potential double bottom pattern, which is often seen as a bullish technical signal. However, there is some pressure around the 116000 level, and the coin price is currently facing resistance. It is worth noting that trading performance on the night of the 29th was strong, suggesting that institutional funds from the U.S. are starting to flow back in.

Historical data shows that October is usually a good month for Crypto Assets performance. If the current double bottom pattern can be effectively confirmed, then the market trend in October may be relatively optimistic.

In terms of Ethereum (ETH), there are also signs of capital inflow, but its trend still mainly follows Bitcoin and has not shown a clear independent trend. There are expectations for a stabilization and rebound in the exchange rate, and once it breaks through the current adjustment platform, there may be opportunities for strengthening.

Other altcoins (shanzhai coins) perform in line with the market. If Bitcoin can maintain its pump momentum, the altcoin market is expected to soon welcome a capital inflow.

Overall, the current market shows a cautiously optimistic trend. Investors should closely monitor the double bottom confirmation of Bitcoin, as well as whether Ethereum can break away from the following trend and demonstrate independent rising momentum. At the same time, it is important to be wary of potential pullback risks and maintain reasonable position management.