Analyst Liang Qiu: After 10.9 Bitcoin and Ethereum move sideways and break down, the trend will further weaken.

Bitcoin Ethereum white paper articles and videos laid out the long positions at 121700 and 4420, with a nephew at 4390. If it breaks 4400, follow the trend to short, which was also a point specifically emphasized in the afternoon video. Kong Dan has also recovered losses and made profits. After all, after two days of sideways fluctuations and multiple dips, it surged relying on the support at 4400 for operations. Once it breaks down, just operate in the direction of the trend. Currently, after the market breaks down, it has once again entered a sideways fluctuation trend which has weakened. Moving forward, observe the upward pressure at the levels of 123000 and 4400.

After breaking down on the daily and four-hour levels, a large bearish candle has formed. There will be some rebound in the evening, but it won't be significant, mainly viewed as a weak rebound for correction after the decline. Additionally, the weekly chart shows a clear sign of a trend reversal with a bearish candle following a high. Moreover, from the perspective of the daily and four-hour MA indicators, all are turning downwards, with a clear switch of highs and lows, indicating that the market will continue to test support downward.

Evening operation recommendations: Bitcoin around 122700 to 123000, target near 120500; Ethereum around 4370 to 4400, target near 4280, if broken look at the 4200 line.

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