October 23rd Perspective

The daily level shows a decline with reduced volume, and the rebound strength is relatively small, maintaining a certain range for oscillation adjustments. The 100% win rate giant whale opens positions, swaying market sentiment. The daily range oscillates, and the expectation for a decline remains, with the bearish trend not yet concluded. In the short term, pay attention to effective resistance at the two positions of 109500 and 107000, with the short-term trend being relatively optimistic for bulls. Resistance at 109400-110150-111040, support at 107400-106400;

Ethereum is linked to the overall market, continuing to oscillate, with short-term selling pressure decreasing and bulls entering the market. Focus on whether it can stabilize around 3855. The accelerated decline at 5 AM was accompanied by increased volume; in the short term, the bulls still have some space. Watch the resistance in the range of 3880-3900; if it stabilizes, one can chase short positions to participate. Resistance at 3900-3920-3955, support at 3790-3770-3745. #BTC #ETH