10.30 trend

Good afternoon, everyone! After the news of a 25 basis point interest rate cut last night, the market reacted and fell. In fact, this was completely within expectations; a 25 basis point cut is not seen as overly positive, but rather aligns with consensus, so the drop is a normal reaction.

Currently, there has been a significant decline at night, and in the short term, we need to see if there will be a rebound today. The key lies in the strength of the rebound — if the rebound is weak, there is a high probability of further declines afterwards. In terms of operation, it is recommended: for those who want to short, wait for the rebound to stabilize before choosing to enter; for those who want to long, there is no need to rush to chase the price up, be patient and wait for further corrections to find opportunities for low entries. Remember: do not blindly chase long positions during an uptrend!

Bitcoin
Today, pay close attention to the key level of 110,950. If the price cannot rise above this level, it indicates that the rebound momentum is insufficient and will continue to face downward pressure.
The support levels to pay attention to are 109,700 - 108,660 - 107,460. Only if it stays above 110,950, can the hourly level expect to start a rebound structure. The resistance levels to focus on are 111,965 - 113,600 - 114,620.

Ether
Today's key observation is the gain or loss at the 3925 level. If it breaks below, it means the current short-term rebound has ended and may continue the downward trend. Support levels to watch below are 3872 - 3835 - 3800.
Only by standing above 3925 can there be signs of strengthening at the 1-hour level. Pay attention to the resistance levels above: 3960 - 3997 - 4035.

BNB
Pay attention to the key level of 1110. If it breaks down, the 1-2 hour rebound structure will be declared over, and the market may weaken again.
Support below to watch 1097 - 1086 - 1070.
If it can hold above 1110, the short-term rebound pattern will remain.
Pay attention to the resistance levels at 1120 - 1131 - 1145.

SOL
Today's focus is 196. If it breaks below, the minor level rebound will end, and it may continue to probe downwards. Support below to watch is 192 - 190 - 187. Only if it stabilizes above 196 can a 1-2 hour level rebound be expected to continue. The resistance levels above to watch are 198 - 202 - 205. #GateVentures战略收购PerpDexADEN #ETH链上活动升温 #比特币行情分析