In the afternoon, during the upward process, the layout around 116000 and 4250 has already shown some movement, with Ethereum even showing nearly a hundred points of performance. However, overall, the market is still in a wide range of fluctuations, and the downward rhythm has not yet ended.
From the hourly chart, multiple consecutive bearish candles are present, with initial support to watch at around 113600 and near 4060. The four-hour level also shows a rise followed by a pullback, especially with Ether forming a long upper shadow, indicating a weakening structure.
The current approach still allows for capturing wave opportunities, or patiently waiting for the market to further decline, with lower targets around 113600 and 4060. Specific operations should be flexibly adjusted based on real-time trends.
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10.27 Bitcoin/Ethereum Afternoon Market Analysis | Finding Opportunities in Wide Fluctuations
In the afternoon, during the upward process, the layout around 116000 and 4250 has already shown some movement, with Ethereum even showing nearly a hundred points of performance. However, overall, the market is still in a wide range of fluctuations, and the downward rhythm has not yet ended.
From the hourly chart, multiple consecutive bearish candles are present, with initial support to watch at around 113600 and near 4060. The four-hour level also shows a rise followed by a pullback, especially with Ether forming a long upper shadow, indicating a weakening structure.
The current approach still allows for capturing wave opportunities, or patiently waiting for the market to further decline, with lower targets around 113600 and 4060. Specific operations should be flexibly adjusted based on real-time trends.