#BTC 10.6 Afternoon Bitcoin and Ethereum market analysis and trading suggestions

When experiencing continuous losses, decisively exit and take a break; when profits exceed expectations, partially take profits. Remember: missing out is not regrettable, making mistakes is fatal. In the short term, Bitcoin's hourly Bollinger Bands are narrowing, continuing to oscillate as an adjustment after the recent rise. Currently, the key resistance level is whether the closing price can break through the 124000 mark to initiate a secondary upward momentum; otherwise, in the short term, it will still maintain oscillation. As long as the overall market closes above the 122500 mark, it indicates a strong bullish sentiment, and the market is still optimistic about further clearing high leverage above.
Ether quickly rebounded after dipping to 4486 in the morning, and after stabilizing, the price strongly surged to the 4540 USD level. This not only completely recovered the losses but also confirmed the continuation of the bullish trend. Subsequently, the market entered a high-level consolidation near 4520, which is a healthy accumulation process aimed at digesting short-term floating positions and solidifying the support below. Overall, the successful confirmation of support and the strong rebound indicate that market dominance remains in the hands of the bulls. The current consolidation structure is relatively strong, and it is recommended to maintain a strategy of buying on dips, with the upper target looking towards the previous high of the 4600 USD area.
In the afternoon, the pancake can be bought at 123000-123400, targeting around 125000.
In the afternoon, Ether can be bought at 4520-4540, with the target around 4620 near #BTC再创新高 #十月加密市场预测 #Gate热门新币推荐$BTC