10.27～11.02 Cryptocurrency Market Weekly Summary and Outlook

Market Review: After the Federal Reserve's decision, the market surged and then fell back, with mainstream coins under pressure

This week, the market focused on the Federal Reserve's interest rate decision. Bitcoin and Ethereum briefly surged after the announcement but failed to maintain the upward momentum and turned downward. Bitcoin fluctuated downwards from a high of 116,380, reaching a low of 106,200, with a weekly decline of over 10,000 points; Ethereum dropped from a high of 4,253, reaching a low of 3,677, with a decline of more than 500 points. Overall market sentiment is bearish, with the downward trend accelerating and short-selling forces dominating.

Operation Review: Firmly bearish outlook, accurately capturing the downward trend

In this week’s strategy, we continued to emphasize the bearish tone. As soon as Bitcoin showed signs of stagnation around 116,380, we suggested positioning short positions and followed the downward trend to around 106,000, fully capturing this round of the 10,000-point decline. Ethereum also followed the bearish trend, achieving stable gains. Although the market fluctuated violently, through strict trend judgment and risk control execution, we successfully converted market fluctuations into actual profits, and the overall performance met expectations.

Technical Patterns and Trend Analysis: Daily structure is bearish, rebound lacks strength or is brewing for a second bottoming

From the daily level, Bitcoin and Ethereum have been continuously declining, and although a slight rebound occurred over the weekend, the overall rebound strength is weak, failing to change the current bearish pattern. In terms of structure, prices remain in a weak consolidation range. If the rebound cannot effectively break through key resistance levels, the probability of further declines in the future is high. Bitcoin's primary support to watch below is around 106,000. If this level is broken, it may further open up downward space.

Despite the technical need for repair after the big drop, the current rebound's sustainability and strength are insufficient, indicating limited market buying confidence. If the rebound is too large, caution should be taken regarding the possibility of a structural trend reversal. Therefore, at this stage, we still prefer to view rebounds as short-selling opportunities, focusing on the momentum of the second downward probe of the bears.

Future Outlook and Strategic Suggestions

Bitcoin (BTC): Rebound to the 111,000–112,000 range can set up short positions in batches, targeting 106,000.

Ethereum (ETH): Short at highs in the 3,900–3,950 area, targeting down to 3,600. $BTC $ETH #美联储降息