At midnight yesterday, the crypto assets market continued its strong momentum throughout the day, with Bitcoin making a strong push first. The price started to fluctuate upward from around the 108000 mark, reaching a key high of 109398 during the session. Subsequently, due to short-term profitable positions being liquidated, the upward momentum began to slow down, entering a brief consolidation phase. In close correlation, Ethereum also strengthened, beginning a stepwise upward movement from the 3950 level last night. By this morning, the price surged to a high of 4029, with the two major mainstream tokens jointly establishing a market tone of strong fluctuations, waiting for a breakthrough.

The current market has shown clear bullish signals. On the daily chart, after experiencing four consecutive bearish candles and a deep dive to establish a bottom, the market has successfully switched to a structure of two consecutive bullish candles, with the bullish candle bodies gradually expanding, indicating that buying power continues to accumulate; the Bollinger Bands are opening upwards, with prices firmly above the middle band, and the KDJ and RSI indicators are showing a synchronous golden cross with upward turns, without any signs of overbought divergence. The bullish trend is solidly rooted, possessing sufficient momentum to recover the losses from previous adjustments. Focusing on the short-term trends on the four-hour chart, the market tested the upper Bollinger Band pressure with a strong formation of three consecutive bullish candles, followed by a slight pullback under pressure, but the retreat was limited and did not break the key support level. This movement is not a trend reversal signal but rather a accumulation and washout of bulls in the tug-of-war between bulls and bears. Although there is still pressure from previous trapped positions above in the short term, from the changes in volume and candlestick structure, the market has completed the transition between bullish and bearish trends. The current brief pullback is precisely the process of building momentum for a second upward test of the key resistance level, and the morning strategy still looks for a pullback to buy.
You can go long on Bitcoin in the range of 108000-107500, aiming to see around 110000; you can go long on Ether in the range of 3650-3920, aiming to see around 4100.
#十月降息预测