10.23 Bitcoin ETH morning thoughts

On the 4-hour cycle, after experiencing a phase of correction, the market's momentum is gradually weakening, with prices stabilizing and stopping the decline at the support zone. Currently, a counterattack is being launched against the middle band of the Bollinger Bands, aimed at reclaiming key technical levels. In terms of the pattern, the bearish candle's body is accompanied by a clearly visible long lower shadow, which not only verifies sufficient buying support from below but also reflects that although the bears attempt to suppress, their persistence is weak, and the short-term downward momentum has significantly exhausted. Overall, the bullish and bearish pattern is shifting from equilibrium to a bullish dominance, and the trend structure is entering a phase of repair and reversal. In the future, prices are expected to continue advancing based on the support zone, opening up further upward space.

Personal suggestion
Big Cake: Enter from 1072-1080, target upwards looking at 1090-11w, breakthrough looking at 112000
ETH: Enter at 3770-3800, target upwards at 3860-3900, if it breaks through, look at 4060.
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