Monday Morning Thoughts

Here, every transaction is a brave challenge to the unknown, and every decision could lead to enormous returns. Seize the volatility and strike accurately; in the next moment, wealth could multiply. The Bitcoin market continued its downward trend since midnight yesterday, with the price experiencing a slight rebound to the 95482 high point before facing pressure and falling back, reaching a low of 92851 in the early morning. The Ethereum market also mirrored Bitcoin's downward movement, with the price dropping from the 3127 high point at midnight to the 3001 low point in the early morning.
According to the current market situation, the daily level shows that the trend has already formed a strong one-sided downward movement. Although there have been some rebounds from the bulls along the way, the strength of these rebounds has been very weak, and the bulls' desire to counterattack has been firmly suppressed by the bears. Overall, the trend has entered a phase controlled by the bears. From the four-hour level, after experiencing a certain period of fluctuating consolidation, the trend has again formed three consecutive bearish candles. Currently, there is some resistance at the lower Bollinger Band, and the price has rebounded, but considering the overall trend, even if there is a rebound, it will be difficult to recover the previous overall decline. Therefore, in the morning operations, we only need to maintain the idea of shorting after the rebound.

BTC: Short near 94800-95000, target looking at 93000-92500
ETH: Can short around 3120, target looking at 3000#Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 #美国结束政府停摆