October 20, Tuesday Midday Outlook$BTC
Bitcoin initially dipped to around 81,701 in the early hours before finding support, then gradually climbed amid choppy trading, reaching a high of around 82,240; Ethereum tracked Bitcoin throughout, rising amid choppy trading from around 2,386 to around 2,416. Overall, the market dipped first and then recovered, with a relatively slow rebound that remains within a choppy recovery pattern. Our early-morning idea to short the rebound was perfectly validated. Congratulations to all the fans who followed Ouyang's trades and made profits.$ETH
On the four-hour chart, after this rebound ran into resistance, several consecutive candles formed long upper wicks, signaling selling pressure overhead and waning bullish momentum. The market then pulled back in consecutive bearish candles to the Bollinger Band middle line, and the overall downward structure remains intact. Even if the US session sees a modest rebound or rate expectations fluctuate briefly, this would only be a technical recovery during the decline, unlikely to reverse the weak pattern of progressively lower highs. The short-term bearish trend remains in place, and bottom-fishing is not recommended. Stay aligned with the trend, patiently wait for prices to rebound to resistance and show signs of stalling, then enter short positions in batches as opportunities arise. Manage risk and follow the primary trend.$SOL #BitMine增持12535枚ETH
Bitcoin: Short in the 82,300-82,700 range; target around 81,000
Ethereum: Short in the 2,420-2,450 range; target around 2,350