Sunday Market Analysis for October 8

From the daily candlestick chart, the market showed an increase in bearish momentum yesterday, closing with a bearish candlestick with an upper shadow, currently near the middle band. Support to watch below is at 112500 points, and resistance above is at 120500 points.

The four-hour level also shows an increase in bearish momentum, with short-term support around 116800 points and resistance at 117800 points.

On the hourly level, bearish strength is gradually diminishing, and short-term attention should be paid to the impact of volume changes on the trend.

Trading Advice:

Bitcoin range trading between 118400-118900, with a target downward towards 116400-116900

Ethereum range trading around 4240-4270, with a target downward towards 4100-4130 $BTC $ETH #ETH走势分析 #币安Alpha上新 #特朗普加密新政 #比特币流动性危机 #美联储比特币储备