Analysis on the afternoon of October 16

In the 4-hour timeframe, the recent K-lines have shown narrow fluctuations at a high level, remaining within a short-term consolidation range without breaking through the previous high or low. The MACD 4-hour level DIF and DEA are still below the zero line but are gradually converging, with green bars shortening, indicating a weakening of upward momentum. The 4-hour EMA7 and EMA30 are far apart, with the price running below EMA7, showing clear short-term pressure. The daily level continues to maintain a downward trend, and it is recommended to go long at high positions during the day.

Around 111200-111400 for Bitcoin, target near 109500.
Auntie near 4020-4040, target around 3880 $BTC $ETH