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Morning suggestions for 10.24
Currently, Bitcoin is in a bearish pattern of "encountering resistance and falling back + weak support."
The 11,000 level is both a turning point for the previous upward surge and a key resistance level at the 0.618 Fibonacci retracement. The four-hour candlestick chart shows consolidation in this area, indicating that the bulls are struggling to break through. The support system below is weak, and there is no clear strong support level to hold, suggesting that downward space has opened up from the structural trend. Technical indicators are also bearish; the MACD continues to expand, confirming that bearish momentum has not diminished, and the upper Bollinger Band at 112,100 is forming a second pressure point, further limiting the height of any rebound. The bearish trend of Bitcoin will lead to a simultaneous decline in ETH, weakening ETH's independent rebound momentum. The four-hour candlestick chart for ETH has formed a "double top" pattern around 3,900, and trading volume is gradually shrinking with the rebound, indicating insufficient bullish strength. It is necessary to lower the target level to match the actual trend strength.
Operation Suggestions:
BTC: Short in the range of 111500-112500, target
109500- 109000, if it breaks down, continue to look for 108500- 107500! Auntie: 3880-3920 short, target 3780-3680$U2U
$NEIROETH 01928374646565748392010 1928374656574839201$ORDER $SWELL 01928374646565748392010 1928374656574839201$WHY $ETH