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10.29 Hangqing Analysis
From the chart, Bitcoin (BTC) fell to around 112,000 and started to fluctuate near the strong support level, indicating a short-term correction after previous oversold conditions. Currently, the price remains below the middle band of the Bollinger Bands, which continues to widen, and the downtrend has not yet reversed. After the MACD death cross, the green bars keep expanding, showing that the bearish momentum is still being released; at the same time, trading volume has significantly decreased, and the rebound lacks effective support.
Operation Suggestions
BTC around 112,700 - 112,900, with a target near 111,000
ETH around 4,020 - 4,040, with a target near 3,850 #币圈 #加密货币