Analyst Liang Qiu: On October 17, Bitcoin and Ethereum have reached an important node again. Follow the trend after the fluctuations.



Bitcoin and Ethereum have repeatedly laid out strategies to push prices higher in recent days, but the overall downward trend is evident. The market has dipped multiple times, touching the important support levels of 107000 and 3800, leading to a rebound; however, the overall rebound strength is not significant. As the market returns to a range, the volatility will gradually narrow, potentially leading to a new round of price changes. The daily chart forms a "Three Black Crows" bearish pattern, indicating that bearish forces dominate. The key support levels are at 107000 and 3800; if these are effectively broken, the next key positions will be 102000 and 3500, with resistance above at 112000 dollars. Technical indicators are generally bearish, with MACD continuing to decrease in volume and approaching the 0 axis, not yet entering the oversold area. The four-hour chart shows a clear short-term downtrend, and the market will continue to fluctuate and focus on recovery in the short term.

The operation suggestion is to buy Bitcoin around 107300 to 107800, with a target near 109800; for Ether, buy around 3850 to 3880, with a target near 3960.

#GT2025第三季度销毁完成
ETH-2.32%
BTC-1.33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
TheBreezeIsGentleAndTheClouds
· 2025-10-17 07:09
Your uncle's,
View OriginalReply0
TheBreezeIsGentleAndTheClouds
· 2025-10-17 07:04
Ether is trapped.
View OriginalReply0
View More
TheBreezeIsGentleAndTheClouds
· 2025-10-17 07:01
Ether has reached halfway up the mountain🤣
View OriginalReply0
  • Pinned