BTC and ETH are weakening together, and short-term rebounds are mainly short-term.

Nakamoto 2025-10-29 09:31 63897人围观 BTC

The recent prices of BTC and Ethereum have shown obvious linkage, and the overall trend is bearish. Judging from the trend of BTC, it began to fall after rising to 116375 in the early stage. It has fallen sharply recently and fell below the support of mul

The recent prices of Bitcoin and Ethereum have shown obvious linkage, and the overall trend is bearish.

Judging from the trend of BTC, it began to fall after rising to 116375 in the early stage. It has fallen sharply recently and fell below the support of multiple moving averages. Trading volume has increased during the decline, indicating heavy selling pressure. The MACD indicator is in the negative zone, and the DIF line is below the DEA line, and the green column continues to exist, indicating that the short forces are dominant. The RSI indicator is also at a relatively low level. Although there are signs of a slight rebound, the overall trend has not left the weak range.

The trend of eth is highly similar to that of btc. After rising to 4233 in the early stage, it also started a downward trend. It has suffered a large decline recently and rebounded slightly after hitting a low of 3929. The trading volume also increased significantly when it fell, the MACD indicator was also in the negative zone, the green column did not shorten significantly, and the RSI indicator also hovered at a low level.

Taken together, the current market prices of Bitcoin and Eth are in an obvious downward trend. Although there is a slight rebound in the short term, the overall short atmosphere is strong. It is necessary to remain cautious and pay close attention to whether the price can effectively hold on to the key support level, as well as changes in trading volume and technical indicators to determine whether there is a possibility of a reversal in the subsequent trend.

So overall, our main idea today is to focus on short rebounds: short rebounds near 113600-114000, and the target is 113000-112500-112000.

Ether: The rebound is near 4040-4070, and the target is towards 4000-3970-3940