On the evening of October 30th
The downward channel is significantly evident over the past hour, and the three upward attempts have all ended in failure.
Suggestions
Large Coin: In the range of 111200-112000, the target looks at 110000-108000. If broken, look at 106500.
Small Coin: In the range of 3950-4000, the target looks at 3900-3800. If broken, look at 3700.
Looking at the four-hour level, the large coin K-line has first broken the previous 0.618 support level of 110950, which has transformed into a short-term resistance level, suppressing the rebound. MACD has continuously shown signs of shrinking volume and increased positions, with DIF and DEA starting to impact the 0 axis downwards. If effectively broken, the trend of the range will further strengthen; the Bollinger Bands are opening downwards, and the lower support level has shifted to 110775, indicating a clear downward trend.
