$ETH Review of the market trends early Friday morning, as the U.S. stock market opened Thursday night, the overall market experienced a sharp drop, with the Bitcoin price hitting a low of 98000, and the Ethereum price dropping to a low of 3150. It wasn't until the U.S. stock market closed that the trend reversed. We also advised in the live broadcast that it is not recommended to short at low levels; it is advisable to take advantage of rebounds. Unsurprisingly, the market formed a bullish candle in the morning, reaching our expected point. We also successfully guided our trading students, achieving a profit of 1441 points in Bitcoin and 60 points in Ethereum!

From the current market analysis, the overall pattern shows a consolidation phase. On the daily chart, the price continues to be suppressed by the middle track, with multiple attempts failing to form an effective breakout, indicating strong resistance above. The 4-hour chart clearly shows this consolidation pattern. The price fluctuates around the middle track of the Bollinger Bands, with the amplitude gradually shrinking. From a technical perspective, the current price is forming a symmetrical triangle consolidation pattern, and it is vital to pay attention to the support area formed by previous low points; if it effectively breaks down, it may trigger a new round of decline; while the key resistance above needs to focus on the pressure area of the daily middle track and previous high points, maintaining a bearish outlook for Friday morning.

Bitcoin: Short around 100500 Target 98000

Ethereum: Short around 3250 Target 3150#美国政府停摆