The current price of Bitcoin is 114200. Currently, Bitcoin is at a support rebound after this wave of decline, and it is at the support of the 3-day line. However, the rebound is not as strong as ETH. On the daily chart, ETH has formed a bullish engulfing pattern and is about to close at 8 o'clock, marking the first breakthrough of this retracement, and the outlook remains bullish.

Bitcoin is in a consolidation phase, while ETH is in a strong bullish trend. We can only watch for the MACD on the daily chart to turn upwards near the 0 axis for Bitcoin to perform well. If it continues to go down, this divergence will lead to around 106000. Bitcoin is currently in a wait-and-see state, and one can buy ETH on dips. Personally, I still hope for a rebound at the 0 axis, combined with the positive news in September, to create a new high, but ultimately the good news may turn into bad news and end this cycle. #BTC走势分析