10.25 Morning Analysis of Bitcoin

Despite the favorable CPI data stimulating the market rise last night, the upward momentum could not be sustained, and Bitcoin fell back to 109600 after reaching 112100. The current price is fluctuating around 110900.

Trading Strategy: Given the light trading over the weekend, it is expected that a one-sided trend is unlikely to develop, so a range trading strategy of buying low and selling high is recommended.

Bitcoin: Short positions can be taken around 111500 and 112000, with a target of 109500. Upon reaching the target, if the downward trend stalls, consider going long.

Ethereum: Short positions can be taken around 3950 and 3980, with a target looking down to 3900-3850. Similarly, upon reaching the target, consider going long. #加密市场反弹 #CPI数据来袭 #巨鲸动向 #量子计算概念股大涨 #美国政府停摆 $BTC $BAS $COAI