Recently, the cryptocurrency market has shown a fluctuating trend, with investors remaining cautious. Bitcoin is currently fluctuating within the range of 106000-107600, with support around 106071, while resistance is faced between 107575 and 110000. The shrinking trading volume indicates a decline in market participation.



Regarding Ethereum, the support level at $3880 is still valid, but the upward momentum has significantly weakened. $3927 constitutes short-term resistance, while $4000 is a stronger resistance level. It is worth noting that long positions have accumulated in the $3900-$4000 range, increasing the risk of market fluctuation.

For trading strategies, Bitcoin can consider shorting lightly in the range of 107300-107500, or going long lightly in the range of 106200-106500. If it breaks through this range, it can be traded in the direction of the breakout. Ethereum can use 3880 dollars as a key point; if it stabilizes, it can go long to 3920-3950 dollars, and if it breaks below 3850 dollars, it can short to 3800-3780 dollars.

Overall, the current market lacks a clear direction, and investors need to remain cautious, closely monitoring market trends and the performance of important support and resistance levels. In a highly uncertain market environment, it is crucial to manage positions and risks appropriately.
BTC1.71%
ETH2.3%
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tx_pending_forevervip
· 4h ago
Is it swinging again?
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CommunityLurkervip
· 10-18 21:50
Just observe, don't act and it's done.
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FarmHoppervip
· 10-18 21:50
Sideways too long, right?
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GovernancePretendervip
· 10-18 21:48
Sideways震荡难得躺平咯
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CompoundPersonalityvip
· 10-18 21:32
Stop trading, isn't it better to lie down and count money?
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OffchainWinnervip
· 10-18 21:27
I am bullish on ETH breaking 4000.
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ProofOfNothingvip
· 10-18 21:26
The bear is coming, run fast.
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CryptoNomicsvip
· 10-18 21:23
*sigh* your regression analysis completely ignores markov chain dependencies. basic math, people.
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