10.14 Crypto Assets Market Analysis

From the four-hour timeframe observation, the Bitcoin has rebounded to the middle track of the Bollinger Bands with a small consecutive positive candle pattern, entering a phase of alternating small downs and ups in a sideways trend. The process of market consolidation and correction is still ongoing. In the short term, attention should be paid to the support strength in the four-hour middle track area. Currently, the Bollinger Bands channel continues to narrow, indicating that the consolidation and correction period of the market is nearing its end. Subsequently, we need to wait for the fluctuations of the U.S. stock market opening in the evening and related news stimuli, and wait for the market to clarify a new direction for operation.

Switching to the hourly chart, Bitcoin shows an eight consecutive bearish trend, with the price quickly dropping from the upper Bollinger Band to the lower band. In terms of technical indicators, the hourly KDJ three lines are still in a state of accelerated downward divergence, the MACD green energy bars continue to increase, and the Bollinger Bands are slowly expanding downward. Overall, the short-term retracement trend will continue. Therefore, the operation strategy for the afternoon will focus on shorting from rebound highs, relying on key resistance levels to place short positions.

The specific operational suggestions are as follows:

• (Big Cake): It is recommended to place short orders in the range of 113400-113600, targeting the position of 112000.

• (Auntie): It is recommended to place short orders in the range of 4130-4150, aiming for a target at the 4000 position. #btc