October 11th, Evening Market Outlook for Bitcoin (Big Daddy)

From the 1-hour and 4-hour charts, it’s clear that the recent rebound momentum is weakening. The price has been consistently pressed down by the middle Bollinger Band. Ethereum remains largely following Bitcoin’s lead, with its movements almost synchronized. On the 4-hour chart, the trend has shifted from a previous stepwise decline to a more volatile sideways decline, making entry points more challenging. The overall downtrend has not yet reversed, and the general outlook remains bearish.

Personal Recommendations:
Bitcoin: Enter long positions around 103,800–104,500. Target below at 102,500, if broken, look at 100,000. Long-term target is 96,000.
Ethereum: Enter long positions around 3,450–3,480. Target below at 3,300, if broken, look at 3,050. Long-term target is 2,800.

$BTC $ETH #加密市场回调