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Morning analysis on 10.10
Yesterday, Bitcoin hit a low of 119,600, breaking below the key level of 120,000 before rebounding, and is currently oscillating around the 121,700 range. From a short-term perspective, the market is still dominated by bears, and the probability of continuing the bearish logic today is relatively high.
The technical analysis shows clear signs of weakness: the Bollinger Bands maintain a downward opening shape overall. After a significant bearish candle with increased volume, there was a rebound, but it was unable to effectively reverse the downward trend, and the rebound highs continue to decline, further confirming the persistence of bearish momentum. Based on this, it is recommended to primarily adopt a high short strategy in operations.
Operating Suggestions
BTC: Short around 122200, target 120000
#美联储降息预期升温
ETH: Short around 4400, target 4250