Morning market analysis on October 16

The current market shows a weak rebound pattern. Although there are signs of a rebound, the momentum is lacking. The K-line has a short body and a significant upper shadow, which intuitively reflects the heavy selling pressure above. In the short term, attention should be focused on the core support level at 110000. If this position holds firm, the market is likely to shift into a narrow range consolidation phase; given that no reversal signal has appeared in the trend, the operational strategy should still focus on shorting on rallies.

Operational Suggestions

BTC: Short around 112000, target 110500

ETH: Short near 4050, target 3950#加密市场观察 #美联储降息预期升温 #十月加密市场预测