Has Bitcoin stopped falling? Is a big rebound coming? How to operate with Ethereum, come and take a look with Benqin!

As shown in the figure, Bitcoin currently shows signs of a potential reversal, but it has not been confirmed yet, as the current trend still consists of lower highs and lower lows. If BTC can rebound above the previous peak of 109,200, the reversal signal will become clearer. Once it pulls back, we can go long, which is a more stable approach.

Overall, Bitcoin's second bottom test seems to be slightly insufficient. If this pullback reaches 103,000 or lower, I believe it would be a clearer signal to go long. However, the spike on October 11 was too drastic, and the prices differ across many exchanges, which has led to controversy regarding the bottom of the second test. We can raise the bottom buying point to see if we can test it again.

Personally, I'm not in a hurry. As we mentioned earlier, it's better to wait for Bitcoin to confirm a strong signal or to see a second dip; these two positions present good opportunities for entry. As for shorting, there is some resistance around 108,200 for Bitcoin, so you could short one position to play around, perhaps to catch a pullback; the odds are quite favorable.

Ethereum, on the other hand, is stronger, with significant buy orders around 3600 to 3700. If ETH pulls back, I prefer to go long on ETH in this area, as it has stronger momentum than BTC. For shorting, I would choose to short BTC at the resistance level. Our low-leverage long-term short plan has been very successful, with Shuqin making several tens of thousands of U. Additionally, I also lead everyone in opening positions in real-time every day for short-term trading.