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BTC and ETH strategy on the morning of October 29
From the perspective of the four-hour level, the recent market trend has shown continuous movement. After a series of consecutive bullish candles, it faced resistance at a high position, followed by consecutive bearish candles in the early morning. This wave of increased volume was still unexpected. Fortunately, it halted at around 112000 and did not continue to decline. On the contrary, the current market shows signs of stabilization. The bearish momentum is slowing down, so it would not be wise to chase shorts at this moment.
Direction: Low Do.
BTC: Look for a breakthrough near 112000 to 113500, then look for 115000.
ETH: Look for a breakthrough around 3960, then watch for 4050 and 4200.