Cryptocurrency Market Analysis by Liying: Bitcoin Latest Market Analysis on 10.16

Article Published on 2025.10.16------00:10

The current price of Bitcoin is 108,900. Liying believes that Bitcoin is still in a downtrend. The technical indicators show that the price is below both the short-term and long-term moving averages, and the trading volume has significantly shrunk, indicating a lack of market momentum and an unhealthy price-volume relationship. Although there is a bullish engulfing pattern and an RSI oversold signal, the reversal signs are weak, and no clear bottom signal has formed. Additionally, the performance of the key support level at 102,000 will be an important observation point for whether the market can stop falling in the short term. The daily line has closed in the red for three consecutive days, dropping from 113,028 to 109,171, indicating a clear downtrend, with short positions dominating in the 2-hour timeframe. The MACD on the 2-hour chart is still in a strong downtrend. The EMA on the 2-hour chart shows an overall bearish trend, and Liying's strategy remains unchanged, continuing to hold short positions and temporarily not considering opening long positions.

Short-term Strategy Reference:

• Long Entry at 108,000, Stop Loss at 107,000, Take Profit at 110,000
• Short Entry at 111,000, Stop Loss at 112,000, Take Profit at 109,000

Ethereum Latest Market Analysis

Before publication, the current price of Ethereum is 3,918. Liying observes that Ethereum is currently fluctuating between the strong support level of 3,400 and the strong resistance level of 4,150. The technical indicators show that although the 3,400 support level resonates with the bullish engulfing pattern, providing the possibility of a short-term rebound, the bearish arrangement of the moving average system and weakening momentum indicate that the rebound space may be limited, and the market still faces downside risks. Furthermore, the extreme reduction in trading volume further reflects the low market sentiment, indicating that the current market lacks a clear directional trend, with the daily line continuing to decline, forming a noticeable correction trend. The 2-hour candlestick chart shows a fluctuating downward trend, with high points gradually decreasing and low points constantly refreshing, indicating that short positions dominate in the short term. The MACD on the 2-hour chart shows an increase in bearish strength, and the EMA indicates significant short-term pressure, with the long-term trend still leaning bearish. Liying maintains a bearish outlook.

Short-term Entry Points Reference:

• Long Entry at 3,850, Stop Loss at 3,800, Take Profit at 4,050
• Short Entry at 4,100, Stop Loss at 4,150, Take Profit at 3,950

The above content is exclusively original by Liying. Please indicate the source when reprinting! The article's publication review has a delay, and market conditions change rapidly. The above suggestions are for reference only, and risks are borne by the reader. Liying cannot control the market but can help anticipate the risks we may encounter in our operations. Proper risk control is essential to ensure our investments remain profitable. If you are still confused in the cryptocurrency market, often making small profits and large losses, struggling with entry and exit points, unable to read market direction, or manage your mindset, you can follow Liying in the cryptocurrency space. I will develop a personalized plan based on your actual situation and market trends to fundamentally solve your problems. I hope Liying's presence will be helpful on your investment journey!

The content of this article is time-sensitive and for reference only; risks are borne by the reader.

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