#美联储降息预期 Latest Bitcoin and Ethereum Market Analysis ( October 17 ):

The current cryptocurrency market shows a clear technical correction within a 4-hour time frame, but lacks external factors to provide clear directional guidance, presenting a sideways consolidation overall. From the technical indicators, the price has formed a bearish arrangement, accompanied by a significant increase in trading volume, with selling pressure dominating. In the short term, the price may continue to test key support areas.

It is worth noting that the bullish engulfing pattern that has recently appeared on the chart brings potential signals for a market rebound. Investors should closely monitor whether the key support level can be effectively maintained. Although it is currently in a downtrend, the strong support level of 101516.5 may serve as a springboard for a price rebound, and the emergence of the bullish engulfing pattern suggests that buying power is gradually strengthening.

Based on the current market conditions, adopting a strategy of buying near support levels may be a rational choice to seize rebound opportunities.

Operation reference:
$BTC: It is recommended to consider going long in the range of 106500-106800, with a short-term target around 108500.
$ETH: Look for long entry opportunities in the 3800-3820 range, with a short-term target focusing on the 3920 level.