Change perspective, directly look at 110000, eth3 will come, in the morning looking bullish mainly because eth is performing particularly well, but bitcoin is showing oscillation. Currently, looking at the market, btc has been moving below the 4-hour ema20 bullish-bearish dividing line. The macd for the two-day and three-day charts continues to turn downwards, leaking oil. I estimate that after the 4-hour close at 8 PM, it will start to decline. #BTC走势分析

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