October 15 | The market is gradually warming up, and a rebound may be on the way.

🚩Today's Market Dynamics:
🔶 BTC: The big pie has tested the bottom twice, and the current price has not fallen below the previous low, gaining support at the 110,000 level. The next resistance level is 115,800. After such a drastic deleveraging process, such opportunities are rare, and the main force is likely to use this to push up.
🔶 ETH: After briefly dropping below the lower boundary of the 4800-4000 fluctuation range, it quickly rebounded, with 4000 still being a key defensive level for bulls. We continue to recommend increasing holdings of Ethereum, as it is still a good time to position for spot trading.
🟠 Market Outlook: The sharp decline is a significant negative for retail investors but represents an opportunity for institutional players. They can accumulate positions at low levels while using the decline to clean up long-held low-leverage positions. Once the chips are concentrated, initiating a rally is often easy, and a reversal may even happen overnight. The market after a sharp decline is prone to panic selling, but we suggest considering adjusting the position structure rather than blindly liquidating. #eth #以太坊 #web3