BTC and Ether recent trend opinion sharing

The recent market situation can be described as a bloodbath. On October 11th, there was the most brutal drop in history, with BTC falling by 20,000 points, Ether by 1,000 points, and even more severe drops in altcoins, which fell by 90%. What does this mean? It means that no matter how much leverage you use, you can't withstand it! The drop occurred in the early morning, when everyone was resting and their vigilance was at its lowest. This once again highlights the importance of quality assets, especially during extreme events, when some can still remain stable!

Back to the market, on the 11th, BTC's pin bar reached a low of around 102,000. This position was mentioned in an article a long time ago as a relatively strong support, and it is generally believed that buying in this range is appropriate. 102,000 is the bottom of the last major upward move, which is also the bottom where the increase started in June. A lot of chips have accumulated at this position, which is why this big drop happened to reach around 102,000. So, everyone should not just focus on the 15-minute and 1-hour charts, these smaller time frames. It's important to look at the larger time frames: daily, weekly, and monthly charts, all of which are worth paying attention to. In the past two days, BTC's rebound strength has also been good, facing resistance around 116,000. This afternoon, it attempted to break through the resistance near 116,000 again but failed for the second time, indicating that the rebound has ended and it is returning to look for support areas below. BTC's rebound can only be considered a reversal if it breaks through 116,000.
BTC faces resistance today around 113600 to 115900.
Support below in the range of 109000 to 108000

Ether recently spiked to around 3400, with the range between 3400 and 3900 being the consolidation area before the last round of increases. 3400 is exactly the bottom of the consolidation, and just like BTC, it also spiked to the bottom of the last round. So now you should have an idea of how to place orders, right? Ether's rebound is facing resistance around 4300, and it can only be considered a reversal if it successfully breaks through 4380; otherwise, it can only be seen as a rebound.
Ether today has upper resistance at 4200 4280.
The support below looks at around 3860, 3780, and 3620.

Never let your guard down at any moment; always maintain a sense of awe towards the market!

Rationally view it and do not make any investment recommendations! $BTC $ETH #加密市场反弹