10.16 Afternoon Analysis
On the 4-hour level, the recent K-lines have shown narrow fluctuations at high levels, overall remaining within a short-term consolidation range, without breaking through the previous segment's high or low points. The MACD on the 4-hour level, DIF and DEA, are still below the zero axis but are gradually converging. The green bars are shortening, indicating a weakening of the momentum. The EMA7 and EMA30 on the 4-hour level are quite far apart, with the coin price running below EMA7, clearly under pressure in the short term. The daily level still maintains a downward trend, and it is recommended to enter at high levels within the day.
Bitcoin around 111200-111400, target around 109500
Ether around 4020-4040, target around 3880
