Market Analysis for October 8

The current market is strongly dominated by bears, with prices consistently operating below the midline. Although bulls attempted to fight back, they failed to form an effective offensive and are currently at a disadvantage. The technical indicators show strong bearish signals: the DIF line is below the DEA line and the gap is widening, while the MACD histogram continues to extend below the zero line. Various signs clearly indicate that we are currently in a bearish market, with bearish forces holding a clear advantage. In terms of operations, subsequent layouts should continue to follow a high short strategy, relying on key resistance levels to grasp shorting opportunities.

Trading Suggestions:

For Bitcoin (BTC) in the 113500-114000 range, target down to around 111000-111900

For Ethereum (ETH) in the 3450-3480 range, target down to around 3340-3370 $BTC $ETH