How are Bitcoin and Ethereum doing today? Give me a quick rundown. Since the market opened today (October 12), Bitcoin has been hovering around $83,800 to $84,200, up about 1% over the past 24 hours. Ethereum has done a little better, trading around $2,540 to $2,570, up roughly 1.5% to just over 2%—clearly outperforming Bitcoin. Last week was pretty rough, with Bitcoin briefly dropping close to $80,000. The main reasons were still-high U.S. Treasury yields and renewed tensions in the Middle East. A lot of highly leveraged traders got wiped out, and liquidations were substantial. Prices have gradually bounced back over the past few days, and today’s move is extending that recovery. That said, this rebound hasn’t been especially strong. Many say it’s mostly due to short sellers getting squeezed, rather than a lot of fresh money flowing into the market. Market sentiment has also recovered to around 69 (Greed), a little better than the day before, but not yet at an extreme level. From a technical perspective, Bitcoin is currently stuck around $84,000, with resistance likely around $85,000. If it falls below $82,000, keep an eye out—it could retest $80,000. Ethereum has climbed back above $2,500; as long as it doesn’t fall below that level again, its short-term outlook is still decent. One thing to watch next is the U.S. CPI data on Wednesday. If the figures come in poorly and yields surge again, the market could get choppy. Geopolitical developments are also worth watching. In short, this is a recovery phase following last week’s sharp decline. Prices have bounced back somewhat, but it’s too early to say the market has fully turned bullish. For Bitcoin, watch whether it can hold above $84,000 and move higher. Ethereum is relatively stronger, but overall, the market still depends on the broader environment. Prices can change at any time. This is just what the market looks like at the moment today, and is for reference only.
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Brothers, I admit defeat. I really can't hold on anymore. You can go long now. I'm just a retail investor, a super contrarian indicator. Damn, I made 4000U this morning and I don't know what I was thinking. I kept wanting to surge to 20,000U, but ended up losing like a fool. Overall, I've lost 15,000U. I need to take a break for a while. I'll work on it tonight. I'm going for a massage.
From a four-hour perspective, the golden cross is clearly still forming downwards. Tomorrow at 2 AM will be the time for the American interest rate decision. The initial prediction is that today's market will likely continue to decline.
Friends who shorted at 1935 can add to their positions around 1975. The market may start to drop directly, with key support levels to focus on being 1850 and 1825.
Friends who enjoy K charts can pay more attention to $ETH .
Brothers, today we went to look for the cow, but we didn't find the cow; instead, we found a waterfall 😭. There will be a meeting at the White House tonight at midnight, and if there are no substantial buys, it will really go down like a waterfall. I suggest everyone stay in cash and watch.
Tonight we need to discuss K-lines in the private room; there won't be time for a live broadcast, so let's do it when we return to Xiamen tomorrow night. I sincerely apologize, and here's a BNB red envelope 🧧 for everyone. Wish everyone happy trading!
Brothers, today we went to look for the cow, but we didn't find the cow; instead, we found a waterfall 😭. There will be a meeting at the White House tonight at midnight, and if there are no substantial buys, it will really go down like a waterfall. I suggest everyone stay in cash and watch.
Tonight we need to discuss K-lines in the private room; there won't be time for a live broadcast, so let's do it when we return to Xiamen tomorrow night. I sincerely apologize, and here's a BNB red envelope 🧧 for everyone. Wish everyone happy trading!