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Analysis of the latest market trend for Bitcoin and Ethereum at dawn: As of 10/24, the current market is in a typical range-bound oscillation pattern, with prices fluctuating between clear support and resistance levels, and market sentiment and momentum both showing neutrality. From a technical perspective, although a bullish engulfing pattern and a golden cross signal have appeared on the candlestick chart, the entanglement of the moving average system and the flattening slope indicate an unclear trend direction. Additionally, the trading volume did not significantly increase during the price decline, showing insufficient bearish momentum, further reinforcing the oscillatory characteristics of the market. Given that the current market is in a range-bound state, and 114700 is a significant resistance level formed by recent highs, prices may face strong selling pressure in this area. Therefore, a prudent strategy of shorting near the resistance level is recommended to align with the oscillatory pattern. Trading advice:
You can short BTC around the 110000-110500 range, targeting the 108500-108000 area:
You can short ETH around 3880-3920, targeting the 3800-3750 range #广场创作者认证申请上线 #ETH反弹在即? #BTC走势分析 #十月降息预测