Market Analysis for the Afternoon of October 11 📉

Yesterday, the market experienced a significant pullback, giving back recent gains, with an overall weak trend and some downward extension. Prices tested downward, reaching a low near 101516 before stopping the decline, with a fluctuation range of nearly twenty thousand points. Although prices quickly rebounded back above 110,000, it also reminds us to pay attention to market volatility risks. The daily level has fallen from the upper Bollinger band to the lower band, indicating a short-term structural change. The trend of Ethereum is similar to Bitcoin, leading most major coins and altcoins to pull back. Currently, the overall structure is undergoing adjustment, with Bitcoin and Ethereum facing pressure near the lower Bollinger band on the 4-hour chart, showing a weak short-term trend. It is recommended to follow the trend and seize opportunities during rebounds.

Operation Reference:
Bitcoin: In the afternoon, pay attention to opportunities around 111000-111500, with a target towards around 109000.
Ethereum: Focus on opportunities near 3750-3780, with a target looking towards around 3650.