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#ETH 10.12 market analysis thoughts
The big pie saw bears regain strength in the early morning, quickly rebounding after dipping to the 109500 level, and is currently consolidating around 111000.
From the market perspective, the bearish trend remains unchanged on the 4-hour level. Although there is a willingness to rebound on the 1-hour level, the resistance above is evident, and coupled with the continuous shrinkage of trading volume, it highlights a lack of momentum. Short-term operations are advised to focus on a high short strategy.
Operation Suggestions
BTC: Short near 111500, target 110000
ETH: Short near 3800, target 3700