Bitcoin and Ethereum Latest Market Trend Analysis: 10/11

Latest market analysis from Dabing Yitaifang: The current market structure shows a clear downward trend as of October 11th, with technical signals consistently pointing to a downward trend. The moving averages are forming a bearish formation, with a recent death cross reinforcing the trend's continuation. Furthermore, a bearish engulfing candlestick pattern further confirms market reversal pressure, indicating a dominant bearish position. However, the significant increase in trading volume diverges from the downward price trend, suggesting some investors may be attempting to manipulate the market around the current support level. Given the current downtrend confirmed by the moving averages, and the potential for further downside if prices fall below the key support level of 108,600, an aggressive strategy of shorting on breakouts is a high-probability strategy to follow the trend. Trading recommendations: Dabing: Enter around 111,800-112,500, with a short-term target near 109,000. Yitai: Enter around 3790-3820, with a short-term target near 3680.