Analyst Liang Qiu: The short positions trend for Bitcoin/Ethereum is coming on 10.31, with a rise followed by a pullback.

Bitcoin/Ethereum has shown a clear trend of upward layout this week, and the overall space can be observed. Yesterday's layout for upward strategy also saw a decline, retracting 300 points and the space of 5000 points can also be seen. Currently, the market has quickly rebounded from last night's low of 3670 and 106200, reaching a maximum of 110200 and around 3875 before falling back again. The daytime is mainly fluctuating, and although the daily line seems to have stabilized, it still falls back after pressure from above, indicating that the market has further downward space.

In the K-line pattern over the recent 4-hour period, the price has continued to decline, forming a series of consecutive bearish candles, and is currently experiencing a rebound. Overall, the short positions are relatively strong. On the daily level, a three consecutive bearish candle trend is observed, indicating a weak overall trend. In terms of technical indicators in the 4-hour period, both DIF and DEA are in the negative value area and gradually expanding, with the MACD histogram being green, indicating that the current market is in a clear bearish trend.

Recommendation to short Bitcoin near 119800 to 110300, target around 108000; continue to short Ether near 3840 to 3860, target around 3760. #参与创作者认证计划月领$10,000