10.11 BTC, ETH evening analysis: The market has entered a critical node of long-short game
A sharp correction of Bitcoin last night directly made the market focus on 60,000 again. It is currently in a narrow range of fluctuations. Tonight's market trend is basically the same as the fluctuations from Monday to Wednesday. From the main technical indicators at the daily level, the general direction is strongly bearish. It is only a matter of time to break the resistance range. If you plan to invest in the high altitude tonight, pay attention to the pin 59700. Once it breaks through, it will continue to fall. The lowest point should be around 58000
BTC from the 4-hour chart: All technical indicators are bearish downward, and the big cake has a very classic head and shoulders top downward pattern. If it breaks through 59800 below, it will go big. From the September CPI data released tonight, 0.2% is less than expected, which is a strong negative. Because once the CPI value reaches 0.2 points, it is possible to slow down the interest rate cut. If it is higher than 0.2%, the intensity of the interest rate cut will be increased. The overall crypto market is bearish. Combined with the trend chart, the market is going down and the structure of the low bottom is downward. KDJ and MACD are both bearish. 60800 is the high point of the trend chart, and shorting is mainly done at highs.
BTC evening strategy: sell high and buy low in the range of 61200-59700, and go down when the resistance is broken!
ETH evening strategy: sell high and buy low in the range of 2415-2375, and go down when the resistance is broken!
