Morning Analysis: From the current short-term 1-hour chart, Bitcoin dropped to around 123200 during the day but rebounded to 125000. However, after the market opened in the evening, it experienced a continuous decline, reaching a low of around 120500. Fortunately, the 120000 level held, so the short-term trend has not completely changed yet. It is currently in a high-level tug-of-war between bulls and bears, as the pullback has not fully retraced the recent upward movement. Regardless of whether the market experiences a significant drop or rise, the more severe the pullback, the stronger the eventual reversal tends to be. The short-term pressure levels to watch are around the 122300-122800 area, with strong support near 120000-119500.

For Ethereum, looking at the daily chart, a long upper shadow bearish candle appeared on October 7, indicating heavy selling pressure above. The price quickly fell from a high of 4755 to around 4440. From the 4-hour chart, there are signs of a left-hand pattern in the recent movement, with the highs gradually decreasing and the lows also continuously moving down. It has now reached the critical support level near 4410. The technical indicator MACD on the 4-hour chart is consistently below the zero line, and the histogram is in negative territory, indicating that bears are in control. Although there may be a short-term rebound, its strength is limited. The daily MACD has formed a death cross and continues to diverge downwards, indicating a weak trend.

Operational Suggestions: For Bitcoin, consider shorting around the 122300-122800 area during the rebound, with a stop loss at 123300 (if this level is broken, do not hold onto the short position). The target is to see levels around 121000-121500, and if broken, look for 120000-119500; if it does not break, consider going long.

For Ethereum, consider shorting around the 4560-4580 area during the rebound, with a stop loss at 4640. The target is to see levels around 4470-4500, and if broken, look for 4430-4410; if it does not break, consider going long.

This strategy is for reference only; please invest cautiously and secure profits. (Follow the public account: Ethereum Kai)

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