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10.20 Market Summary: BTC and ETH jointly staged a V-shaped reversal, with strong bullish breakout at low levels.
Today, the cryptocurrency market has shown a strong trend of "first suppressing and then rising", with BTC and ETH performing a violent rebound after a sharp decline, as long positions are concentrated and released at low levels, creating a highly impactful trend.
BTC initially dipped to a low of 107377 during the day, then entered a rapid upward mode, peaking at 111650, with an intraday fluctuation exceeding 4000 points; as of now, the price is oscillating around 111215, clearly showing a V-shaped reversal trend, with strong buying support at lower levels and a clear dominance of long positions.
The ETH trend is highly synchronized with BTC, dipping to a low of 3906 in the early session, and then quickly rebounding to a high of 4085, currently oscillating around 4024. After a deep correction, it rapidly regained lost ground, not only confirming the effectiveness of the support below but also highlighting the market's overall long positions sentiment being successfully stimulated at lower levels, with short-term rebound momentum still continuing.
#ETH反弹在即? #巨鲸加仓2.5亿美元BTC #btc #eth