[10.17 Afternoon Silk Road]


The Bitcoin dipped to 107350 in the morning before stopping the decline and rebounding, currently oscillating around 108700; the Ethereum reached a low of 3862 before rising to 3947, and is now falling back to around 3850.

From the four-hour level, the large bearish candle has approached the lower band of the Bollinger Bands, indicating a clear bearish trend, with the price breaking through the previous consolidation range. The Bollinger Bands are overall opening downward, and the overall trend is gradually dominated by bears.
The hourly level shows a rebound with five consecutive bullish candles, but after reaching the middle band, it faced resistance and fell back, indicating strong resistance near the middle band. Going forward, pay close attention to the pressure around the 109300 line; if it breaks through effectively, we can observe the rebound strength for further long positions.

Operation Suggestions:

· Bitcoin: Short with a light position near 107300-107500, targeting 106000.
· Two Pie: Light short positions near 3860-3890, targeting 3700.

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BTC1.28%
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