13796
As the world's first cryptocurrency, Bitcoin celebrates its 17th anniversary on October 31, 2025, with its original white paper released in 2008. Since its inception, Bitcoin’s journey has been marked by volatility, innovation, and growing institutional recognition. Recent developments highlight Bitcoin’s evolving role in corporate finance, geopolitical dynamics and speculative markets. On this day, online and offline events were held in many places around the world to commemorate its seventeen-year history. Technology enthusiasts recalled the original intention of Satoshi Nakamoto, while the market focused on the increasing linkage between Bitcoin and the macro economy. Although Ethereum continues to expand at the application level, capital flows show that some investors are returning to Bitcoin as a safe-haven anchor. The miner node quietly updates the client version and embeds a special signature in commemoration of the genesis block hash value. On-chain data showed that the computing power of the entire network rose by 9.3% that day compared with last week, the number of large-value transfers surged by 40%, and some institutional addresses made significant moves to increase their holdings. At the same time, the progress of the U.S. SEC’s approval of spot Bitcoin ETFs has once again become the focus of the market, with Wall Street analysts saying that the probability of approval has risen to 70%. The overall market value of cryptocurrency exceeded US$2.1 trillion, the Bitcoin dominance index returned to the critical level of 54%, on-chain activity and derivatives positions increased simultaneously, and market sentiment became optimistic but remained cautious. ![]() Looking at the BTC hourly K-line, the K-line structure is in line with expectations, and the price trend is as expected. The market is going downward in a short-selling mode. After the market falls, it consolidates upward with a strong bullish line. From the K-line shape, after the price drops around 106500, the market shows a strong bullish signal, and the market forms a downward central hour-level engulfing bullish pattern. From E From the perspective of MA technical indicators, the EMA technical indicators are cross-crossed, running smoothly, and the pressured prices are being trimmed. From the perspective of volume, the market is declining in volume, and the kinetic energy is showing a kinetic energy conversion. From a comprehensive perspective: the market is running near the top of the trend line, and the K-line shape forms a V-shaped center shape, indicating that the market has strengthened its turning action, so the market range is dominated by concussive upward movements. Operational focus: 1. Establish a long position near 109000, with a defensive position below 118500 and a target area near 111000-112000--113500 2. For the first time, I saw a short position near 112000. The defensive position was above 112700, and the target area was around 11000---109500. ![]() ETH hourly chart: From a technical perspective, it perfectly meets expectations and moves downward accurately. Judging from the trend of the K-line combination, it is simultaneously affected by the Federal Reserve, and the market is accurately in line with the expected trend. The K-line structure forms a downward rebound and correction form. From the EMA technical indicator, the EMA crosses downwards, and the opening is enlarged. From the downward structure, the market is under pressure at the break point and pressure. The decline rebound is near the central suppression. From the perspective of volume and energy, the market shows a downward direction, shrinking and oscillating. If the price breaks through this area, the market tests the extended line of the support trend line. To sum up: the momentum of the K-line structure weakens, the market is based on the high altitude, and if there is no downward breakthrough, it is supplemented by low longs, so: 1. Short around 3900/3920, stop loss above 3945, target area 3750/3650/3450 2. Seeing near 3650 for the first time, long short position, stop loss below 3630, target near 3850 Copycats continue to wait for opportunities and wait for the market to start, so be patient. ""Patience" is the most powerful weapon, or even the only advantage, of retail investors. During the market's garbage time, let's talk about the "Tao" of secondary trading. Over the years, I have concluded that there are only two types of people who can make money in the secondary market. The first is to have money and faith, to have faith from the heart, and to hoard fixed investments regardless of short-term ups and downs. Believe that #BTC is digital gold and #ETH is the world’s computer Another characteristic of this type of people is that they are not short of money and can live on it. Think about who can hold BTC from a few hundred U to 10wu, and BNB from 5U to 1,000u. MicroStrategy and BitMine in the past two years also fall into this category. The second type of people are the most patient among ordinary retail investors and are good at picking up corpses. They belong to the "very few people" at both ends of the Gaussian curve, and their behavior is often opposite to that of the majority. Like a hunter, quietly wait for the market to plummet, collect the bloody chips at the bottom, and bounce back the principal. It keeps snowballing this way. $SOL I was very complimentary a few days ago, but I immediately let it go. I had no choice but to endure it. After all, it only took 2 days for szn on the chain to end. The above analysis is for reference only and does not constitute any investment advice. It is not appropriate to insist on creating, and update hot information on time every day. If you think it is good, follow it, watch it, like it, and thank you brothers and sisters for your support. |