Good evening everyone, I am Xin Ya. The market has been quite pessimistic these past two days; the entire financial market is pessimistic, with many bearish factors, and the geopolitical situation is severe.

Let's briefly review. On October 21, at four o'clock in the afternoon, Bitcoin tested the highest spike point of the evening of the 20th, around 83500. In the evening at nine, the bulls made a push, with the highest spike at 84876, after which it turned downward after hitting a one-hour td9. In the early morning at three, it bounced back to the upper level of the four-hour center around 84200. After testing around 84800, it faced resistance and declined, continuing to drop during the day, with an acceleration around 83500, and reached a minimum spike of around 81500.

At three in the afternoon and seven in the evening, a one-hour bearish td9 and td13 appeared, signaling minor reversals.

Important levels have emerged: 81800, 82200, 84200, and the turning point at 83500, where from a bearish perspective, there is a possibility of filling the gap. The reason for the drop during the day, apart from the pessimistic market atmosphere, is that the breakdown of important support levels led to slight selling pressure, resulting in a technical correction. Bitcoin failed to stay above the four-hour center, and the four-hour three-buy signal is not valid anymore, leading the market to revert to four-hour fluctuations, as it continues to be treated within a four-hour range.
Shorting at low levels and chasing high levels yesterday can be viewed together while processing long positions.

For Bitcoin, watch the levels 80500, 81200 below
Watch 82800, 83500, 84200 above
For Ethereum, important levels are 2380, 2430, 2480

Currently, the fifteen-minute ema120, ema144, one-hour ema30, daily ema7, are all around 82800, while the four-hour ema30, one-hour ema120, ema144 are around 82500. For Ethereum, the one-hour ema120, 144, and four-hour ema30 are all between 2430.
If the moving averages hold above, it will further test upwards; the impact of market sentiment is often temporary, and once the sentiment dissipates, it will spontaneously follow the correct path.

Currently, positions in the area are generally centered around new average prices of 82800 and 2430, tightly fixed at the point of divergence, waiting for a pullback to test reduce or cut.

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