Yueying: 10.11 Bitcoin and Ethereum today's market analysis: oversold bulls are suffering from sand hunting and future market operations. See the latest sharing

Technical Analysis of Big Cake Auntie: The daily chart shows a rebound from an oversold trend, with a spike around 101,500. The previous candlestick candlestick indicated an oversold trend, prompting a correction at the intraday opening. The Bollinger Bands are showing a short-term moving average turning downward, with the MACD fast and slow lines crossing downward and the KDJ intersecting downward with increasing volume. The VR indicator is consolidating around 130. On a four-hour chart, the market is fluctuating back above the lower band. The Bollinger Bands are showing a short-term moving average trending downward, with the MACD fast and slow lines extending downward and decreasing volume. The KDJ intersecting upward and the VR indicator is consolidating around 30. Overall, after an oversold trend, the market has the potential for two or three more tests. Therefore, we are primarily looking for a range-bound correction in the short term. Yueying doesn't want to elaborate on this kind of plunge. From the March 12, 2020 crash to this one, there have been four similar declines. Having experienced this, it's important to be more risk-aware and maintain your account health. Today is Saturday, and with the market oversold, we expect more of a volatile correction. In the short term, focus on resistance below 114,000 and support around 110,000. If it tests the 105,000 level twice, then look for support above 105,000. My short-term recommendation for Bitcoin: short at 113,300, long at 110,700 (or above 107,000). The short positions I provided above are accurate, including for Bitcoin. However, with such an unexpected drop, it's unlikely anyone will hold onto them, so I won't dwell on them too much. Technical analysis can be used in conjunction with Bitcoin. Short-term expectations remain for volatility, with potential for two tests. Focus on the 3900 level above and the 3700 level below. If it tests the 3500 level twice, then look for support above 3500. My short-term recommendation: short at 3888 (or short at 3958), long at 3725 (or long at 3558). (For more currency analysis, click on the image to see the homepage introduction.) — I'm Zhou Yueying.