Market Analysis and Trading Suggestions for BTC/ETH on Wednesday, October 15th

Overall trend analysis

Yesterday, BTC rose to a high of 115800 before encountering resistance and falling back, dipping to the support level of 109500 before rebounding. The current price has risen to around 113000. However, from the market performance, the bullish momentum has significantly weakened, and upward pressure continues to be evident, with the overall strategy leaning towards short positions.

Technical analysis at the four-hour level

The current price is operating in the middle track area of the Bollinger Bands, which are showing a contraction and horizontal trend. The middle track exerts significant pressure on the price, with strong resistance to the upside. On the indicator level, the bullish momentum of the MACD indicator continues to shrink, and the KDJ indicator is about to form a death cross, with bearish signals gradually strengthening. In terms of operations, one can rely on the middle track to layout short positions; if the price breaks through the middle track resistance, then adjust to a trend-following long strategy.

Specific operation points

• BTC: It is recommended to enter short positions in the range of 113000-113500, with a target looking towards the area of 110500-109000.

• ETH: It is recommended to enter short positions in the range of 4150-4180, with the target looking towards the 3880-3930 area. #加密市场反弹