Bitcoin and Ethereum intraday trading suggestions and outlook analysis: 10/16
The current market is identified as forming a bottom at a low level, with technical indicators showing the formation of a hammer pattern, suggesting potential reversal signals. However, the bearish alignment of the moving average system and shrinking trading volume indicate ongoing downward pressure. Externally, although market sentiment reflects greed, indicating increased appetite for risk assets, rising US dollar index and treasury yields may exert pressure on risk assets. Thus, the market overall presents a mixed state of long and short positions, likely to maintain a range-bound trend in the short term.
Analyst Xiao Ma's Diary trading recommendations:
Short Bitcoin around 82,500-83,000, target 81,000-80,500,
Short Ethereum around 2,450-2,470, target 2,380-2,360
Bitcoin and Ethereum trading recommendations and future outlook analysis: 10/16
2026-10-15 17:03:02
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