Pumpkin Pie Auntie's Ethereum Operation Suggestions and Trend Analysis: 10/16

BTC and ETH operational suggestions and trend analysis: 10/16 BTC is currently in a high-level consolidation with weak momentum on the 4-hour chart, experiencing intense bull-bear competition. The core trading range is roughly between 79,000 and 85,000. Key levels: Support: 79,700–79,000 is a crucial bull-bear turning zone; a breakdown may lead to further decline toward 77,000–78,000. The lower boundary of the price box at 82,500–83,000 should be closely monitored. Resistance: 84,000–85,000 is a short-term strength threshold. Repeated attempts to break above 84,000 have failed, and daily highs continue to shift downward—this should currently be viewed as a post-breakout correction rather than the start of a new major uptrend. Stronger resistance lies near 87,000; previous double attempts to surpass the prior high failed, resulting in a drop from 87,000 back down to 80,000. Analyst Shengge's trading recommendations: Short BTC at 82,500–83,000 with target 80,500–80,000 Short ETH at 2,440–2,460 with target 2,340–2,320