Evening Market Express on 10.14 | BTC and Ether face short-term pressure, pay attention to key positions



BTC is currently still in a short-term pressure zone, having retreated after multiple attempts to rise. From the indicators, the MACD fast and slow lines have formed a death cross below the zero axis, and the green energy bars continue to expand, indicating weak short-term momentum. The K-line's downward trend resonates with the MACD's weakness, and it is expected to still face downward pressure in the short term.

On the Ethereum side, the MACD fast and slow lines diverged downward again after converging below the zero axis, and the green energy bars slightly increased, indicating a mild strengthening of bearish momentum. The downward trend of the candlestick aligns with the weak performance of the indicators, remaining in a weak range in the short term.

Considering the potential impact of news in the evening, it is recommended to strictly control positions and set up protective measures.

Operation reference:
BTC: Focus on the range of 112000-112800, with a target near 110000
Ether: Focus on the 4000-4050 range, with a target towards around 3900.

(Market changes in real-time, for specific operation suggestions, please pay attention to real-time updates)

This article is for market analysis only and does not constitute investment advice. The risks of investing in digital currencies are high, so please make cautious decisions.

---
BTC0,47%
ETH-0,37%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)