Bitcoin surged to around 94500 at midnight, but subsequently failed to stabilize and continue rising, weakening after a sideways movement during the morning session. The daily chart price reached the upper boundary of the daily line and faced pressure; for a successful breakout in the short term, momentum must be added. Currently, volatility has increased, and both long and short positions need to anchor key support and resistance levels.
After reaching a peak in the 4-hour cycle, a double top formation is created with previous high points, and the current candlestick structure shows a double bearish decline, with strong expectations of a pullback during the day.
Bitcoin can short in the range of 92800-93500, with the first target around 91000; if broken, it will look down to around 88000.
Ethereum can short in the range of 3350-3380, targeting around 3200; if broken, it will continue to look down. #加密市场反弹 #ETH走势分析
BNB has currently achieved a minimum of 51 points as expected! Perfectly seized a wave!! $BNB
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BNB current price encounters resistance at the pressure level, rebound momentum is insufficient, and a bearish candlestick pattern has appeared. In the short term, the market's bearish force is dominant, and one can short near 1310-1320, looking at 1260. If it breaks below, continue to look down! $BNB
The overall market for the day is primarily characterized by a downward trend, with the daily candlestick closing as a bearish candle. The trend is downward, and the intraday price of the currency is pulling back near the 121000 level, with a focus on short positions for rebounds throughout the day.
Bitcoin can be shorted in the 122000-122500 range, targeting 120000, and if it breaks below, continue to look downward.
Ethereum can be shorted in the 4350-4380 range, targeting around 4250, and if it breaks below, continue to look downward.
The pancake strategy has been perfectly realized! Already exceeded 2300 points!
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October 9 Morning Strategy:
From the current market perspective, although there is a demand for a rebound, the moving averages are still in a bearish arrangement, which creates a significant conflict with the rebound signals. Looking at the MACD indicators, the overall trend leans bearish, and intraday operations should primarily focus on short positions.
Bitcoin can be shorted in the 123200-124000 range, targeting around 120000; if it breaks down, continue to look lower.
Ether can be shorted in the 4530-4570 range, targeting around 4430; if it breaks down, continue to look lower. #BNBChainMeme热潮
The concubine has made an accurate prediction again! A clear bearish trend, with a precise strategy given in the morning, and it has currently moved 180 points! Friends who entered late have also made 100 points!
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October 9 Morning Strategy:
From the current market perspective, although there is a demand for a rebound, the moving averages are still in a bearish arrangement, which creates a significant conflict with the rebound signals. Looking at the MACD indicators, the overall trend leans bearish, and intraday operations should primarily focus on short positions.
Bitcoin can be shorted in the 123200-124000 range, targeting around 120000; if it breaks down, continue to look lower.
Ether can be shorted in the 4530-4570 range, targeting around 4430; if it breaks down, continue to look lower. #BNBChainMeme热潮
BNB current price encounters resistance at the pressure level, rebound momentum is insufficient, and a bearish candlestick pattern has appeared. In the short term, the market's bearish force is dominant, and one can short near 1310-1320, looking at 1260. If it breaks below, continue to look down! $BNB
Binance Temporarily Suspends BSC Withdrawals: Not a Risk Warning, but an Emergency Response to 'Traffic Overload'
On October 8 at 15:00, Binance issued an unexpected announcement suspending BNB withdrawal services on the BSC network. However, the withdrawal function on the opBNB network remains normal. This change quickly attracted market attention and discussion. The core reason for this withdrawal suspension is not a technical failure or security issue, but rather that the BSC network encountered a 'traffic surge.' Data shows that in the past 24 hours, the DEX trading volume on BSC exceeded $6 billion, with network fee revenue reaching $5.57 million, firmly maintaining the top position among global blockchain networks. The extremely high activity level has pushed the network's capacity to its limits. The key driver of the increased traffic is the recently popular Meme coins. Projects represented by 'Binance Life' have attracted tens of thousands of traders, leading to a large number of trading requests being submitted in a short period, resulting in a continuous backlog of pending transactions on the chain, ultimately exceeding the network's real-time processing capacity and causing congestion.
From the current market perspective, although there is a demand for a rebound, the moving averages are still in a bearish arrangement, which creates a significant conflict with the rebound signals. Looking at the MACD indicators, the overall trend leans bearish, and intraday operations should primarily focus on short positions.
Bitcoin can be shorted in the 123200-124000 range, targeting around 120000; if it breaks down, continue to look lower.
Ether can be shorted in the 4530-4570 range, targeting around 4430; if it breaks down, continue to look lower. #BNBChainMeme热潮
From the 1-hour candlestick chart, the price surged to around 114800 and then continuously closed in the red. The latest candlestick has broken the BBI indicator at 113800, indicating a clear short-term pullback trend with strong bearish momentum. Focus on short positions during the day.
Bitcoin can be traded around 114400-115000, targeting 112500, and if it breaks down, continue to look down.
From the four-hour K-line chart, there are seven consecutive bearish candles testing the lower support, followed by a rebound closing in the positive. However, the BOLL band is turning downward, and the auxiliary indicators show that the bearish momentum continues to be released, with no reduction in downward momentum. It is recommended to focus on high volatility during the day.
Bitcoin can be traded around 115900-116400, with a support level at around 115000.