Analyst Liang Qiu: Bitcoin/Ethereum Bearish Trend Arrives on October 31st, Price Surge Expected to Follow by Pullback

Bitcoin/Ethereum has seen multiple attempts to push prices higher this week, with clear upward trends and predictable potential gains. Yesterday's attempt to push prices higher again resulted in a further pullback of 300 and 5000 points. Currently, the price has rebounded rapidly from last night's lows of 3670 and 106200, reaching highs of around 110200 and 3875 before falling back again. The market is currently consolidating during the day, and while the daily chart appears to have stabilized somewhat, it has faced resistance above and is still falling, suggesting further downside potential. Looking at the candlestick pattern, the recent 4-hour chart shows a series of consecutive bearish candles followed by a rebound, indicating strong overall bearish momentum. The daily chart shows three consecutive bearish candles, indicating a weak overall trend. Technically, on the 4-hour chart, both the DIF and DEA are in negative territory and widening, and the MACD histogram is green, indicating a clear downtrend. Trading suggestions: Short Bitcoin around 119800-110300, target around 108000; Short Ethereum around 3840-3860, target around 3760. [The above analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.]