Analyst Liang Qiu: The bearish trend for Bitcoin/Ethereum is coming on October 31. After rising, there will be a pullback.

Bitcoin/Ethereum has been clearly trending upwards this week with multiple layouts, and the overall space can be seen. Yesterday's layout also saw a pullback of 300 points and 5000 points, which can also be observed. Currently, the market has quickly rebounded from last night's low of 3670 and 106200, reaching a high of 110200 and around 3875 before pulling back again. The day session is mainly fluctuating, and although the daily line seems to have stabilized, it still falls back after being pressured from above, indicating further potential for decline in the market.

In terms of K-line patterns over the last 4-hour cycle, prices have continued to decline, forming consecutive bearish candles, but there has been a rebound. The overall bearish strength is strong. The daily line shows a three consecutive bearish trend with an overall weak tendency. In terms of technical indicators in the 4-hour cycle, both DIF and DEA are in the negative region and are gradually expanding, with the MACD histogram being green, indicating that the current market is in a clear bearish trend.

Trading advice: Continue to short Bitcoin around 119800 to 110300, with a target of around 108000; continue to short Ethereum around 3840 to 3860, with a target of around 3760.

【The above analysis and strategy are for reference only; please bear the risks yourself. The publication of this article does not guarantee timeliness; the specifics are subject to real-time conditions】#加密市场回调