The current market shows clear bearish characteristics, with consecutive medium bearish candlesticks directly breaking through the lower Bollinger Band. The moving average system displays a clear bearish arrangement, and every rebound is quickly met with resistance, indicating a continuous decline in bullish strength and an overall display of fatigue. Thus, we mainly focus on shorting during rebounds. #美联储如期降息25基点
Operation: around 110500-110000 in the market Target: 108500, 108000
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10.31 Morning BTC Private Deer Analysis
The current market shows clear bearish characteristics, with consecutive medium bearish candlesticks directly breaking through the lower Bollinger Band. The moving average system displays a clear bearish arrangement, and every rebound is quickly met with resistance, indicating a continuous decline in bullish strength and an overall display of fatigue. Thus, we mainly focus on shorting during rebounds. #美联储如期降息25基点
Operation: around 110500-110000 in the market
Target: 108500, 108000