Silk Road on the morning of 10.23

On the 4-hour timeframe, after experiencing a phase of pullback, momentum is gradually diminishing. The price has stabilized and stopped falling within the support zone, and is currently launching a counterattack on the middle band of the Bollinger Bands, aiming to recover key technical levels. In terms of shape, the bearish candle's body is accompanied by a notably long lower shadow, which not only verifies that the buying support below is strong but also reflects that while bears are attempting to suppress prices, their efforts are weakening. Short-term downward momentum has significantly exhausted. Overall, the market structure is shifting from equilibrium to bullish dominance, and the trend structure is entering a phase of repair and reversal. In the future, the price is expected to continue to rise supported by the support zone, opening up further upward space.
Ethereum: Buy near 3780-3730, target upwards at 3940, 4060, breakthrough at 4190.#GUSD双重收益