[10/29 Latest Strategy] BTC gained and lost the 116,000 mark in a fierce battle between long and short, and ETH fell back to 4,000! Today’s decisive battle point has been drawn!

Nakamoto 2025-10-29 20:51 28840人围观 BTC

📢【10/29 Latest strategy] BTC long and short fought fiercely to gain and lose the 116,000 mark, and ETH fell back to 4,000! Today’s decisive battle point has been drawn! Dear friends, Tuesday morning express delivery! Bitcoin staged a fierce long-short bat

📢[10/29 Latest Strategy] BTC long and short fought fiercely to gain and lose the 116,000 mark, and ETH fell back to 4,000! Today’s decisive battle point has been drawn!

Dear friends, Tuesday morning express delivery! Bitcoin staged a fierce long-short battle at the $116,000 mark, and Ethereum is also gaining momentum at the key resistance level of $4,200. The market went through twists and turns overnight. First it shot high and then went short, and then fell back quickly. It was a heart-pounding game! Let me sort out today’s key points for you!

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📊 Overnight market snapshot

In the past 24 hours, the entire network exploded with 467 million US dollars, and more than 100,000 people were buried. Among them, short positions were liquidated to US$358 million, accounting for 76.6% of the total. Last night’s rise caused the Air Force to suffer heavy losses!

· Bitcoin (BTC): Now trading around $112,400, down from a high of $116,000, down about 1.8% in 24 hours.
· Ethereum (ETH): Now trading at around $3,996, it has retreated from a high of $4,250, down 2% in 24 hours, and once fell below the $4,000 mark.

📉 In-depth technical analysis

BTC: There are many resistances at the previous high, beware of the virtual break trap

· Daily level: The overall upward trend is maintained, but the previous K-line closed the upper shadow line, indicating that there is strong resistance in the $116,000-116,400 area. The extreme shrinkage in trading volume creates a divergence between volume and price, and we need to be alert to the risk of false price increases.
· Hourly level: It failed to effectively break through the pressure level near $112,500 many times, and entered a range-bound state in the short term. The MACD hourly line momentum weakens and may enter an adjustment stage in the short term.
· Key positions:
· Pressure: $115,137 (78.6% Fibonacci retracement, strong resistance)； $118,000.
· Support: $109,200 (short-term support)； $106,453 (61.8% Fibonacci retracement level).

ETH: The battle for 4000 determines the direction of the market outlook

· Daily level: In the high-level consolidation stage, the moving average system is arranged in a long position, but the $4,232 area constitutes a key resistance. Trading volume has shrunk, the relationship between volume and price is unhealthy, and there is no effective support for the rise.
· 4-hour level: Efforts are being made to recapture the $4,000 resistance level. Success or failure will determine the subsequent trend. If the breakout stabilizes, we could look at $4,488 ； If it fails, a retest of support at $3,593 is possible.
· Key positions:
· Pressure: $4,232 (Key Resistance)； $4,488.
· Support: $3,946 (short-term support)； $3,593 (61.8% Fibonacci retracement level).

💡 Today’s operation strategy reference

The general idea: go high and low at key positions, strictly stop losses, and focus on the breakthrough of the resistance level!

BTC operation suggestions

1. Short order opportunities: Short orders can be placed in batches after rebounding to the range of 113,400-113,800 US dollars, with stop loss above US$116,500 and target of 114,000-113,500 US dollars.
2. Opportunities for long orders: If you step back to the range of 109,500-110,000 US dollars, you can test long positions with a short position, stop loss below 108,500 US dollars, and target 115,500-116,000 US dollars.

ETH operation suggestions

1. Opportunity for short orders: If the price rebounds to the range of 4,038-4,098 US dollars, it can be short if it does not break. Stop loss is above 4,300 US dollars, and the target is 3980-3880 US dollars.
2. Opportunities for long orders: Long orders can be placed when the price falls back to the range of US$3,820-3,850, with a stop loss below US$3,790 and a target of US$4,200-4,250.

🌪️ Current market background

1. The Federal Reserve’s interest rate meeting is coming soon: The market expects the Federal Reserve to continue to cut interest rates by 25 basis points, which is supportive of the currency circle. Traders remained cautious ahead of the Fed decision, pausing new buying.
2. The trend of cryptocurrencies in the U.S. stock market is divergent: The three major U.S. stock indexes collectively closed higher and all hit new record highs, bringing a certain contrast to the cryptocurrency market.
3. The return of institutional funds: The Bitcoin spot ETF has inflowed US$4.7 billion in the past month, and the Ethereum spot ETF has also flowed in US$983 million, showing that institutional funds are returning.

💎 Summary and risk control tips

The current market is at a critical turning point, and both BTC and ETH are facing important resistance tests. Keep the following points in mind:

· Resistance breakthrough is key: focus on whether BTC’s $115,137 and ETH’s $4,232 can effectively break through
· Strict stop loss: a single stop loss shall not exceed 2% of the principal, and a single position shall not exceed 10%
· Be wary of false breakthroughs: A pull-up due to shrinking trading volume may induce bullishness, so do not chase higher prices
· Pay attention to the Fed’s decision: Wednesday’s interest rate decision will be an important catalyst for the market

The market is risky and investment needs to be cautious. This article is for reference only and does not constitute investment advice.

Everyone, take a good position, set a stop loss, and wait for a breakthrough in the direction! We will follow up in real time! 💪