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October 19 analysis: Bitcoin’s daily EMA remains in a downtrend, and the weekly candle closed bearish, keeping the outlook bearish. For shorts, the key level to defend is 83500, with support at 79,500 and 76,500. Ethereum also remains in a daily downtrend, though there are signs of a rebound on the hourly timeframe. The larger-scale downtrend remains unchanged; focus on defending 2460

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BTCBTC+0.95%
ETHETH+0.29%

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GateUser-50f94597
2 hours ago
What’s your BTC read? 🤔
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BigBoss07
2 hours ago
What’s the signal here? 🧐
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MayEverythingGoSmoothlyAnd
3 hours ago
First Review
October 19 analysis: Bitcoin’s daily EMA is still in a downtrend, and the weekly candle closed bearish, so the bearish outlook continues. When shorting, focus on defending 83500; bottom support is at 79,500 and 76,500. Ethereum is also still in a daily downtrend, with signs of a rebound on the hourly timeframe, while the broader downtrend remains unchanged. Focus on defending 2460
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