October 25th Old Leeks Discuss Coins

Market Review and Analysis

BTC's four-hour market rebounded after a pin bar formation in the early hours yesterday, the strength is still similar to before, in terms of magnitude, it is actually not large. Others did not follow the rise. Currently, a daily fluctuation of 2000-3000 points is within the normal range, with a fluctuation percentage of about 3-4%. ETH had just rebounded to the resistance level around 2560 yesterday, which is within the normal range. The current price trend of BTC, whether in the present or before, drops quickly and rises quickly, and the price remains relatively stable with no significant differences. During the 5-6 stages, previously BTC was at 70000 and ETH at 4000, then BTC went to 70000 and ETH to 3400. Now BTC is at 69000 and ETH is only at 2700. Each stage is distinct. Aside from BTC, other coins seem to be moving normally. Now we are waiting for the bottom while also engaging in short-term operations.

Today's Highlights

After the rebound in BTC at the four-hour level, there was also a spike in the early hours. The current pullback is not very strong. During the day, attention should still be paid to whether it will continue to rise. At the current four-hour support level, the supportive range is between 63000-64000. The smaller support level is still in the 66000-66600 range. This position is a watershed, whether it holds or breaks; a break indicates resistance formation, while not breaking indicates a support defense position.

ETH is currently oscillating back and forth at the four-hour level, with the support level at 2380-2420. The smaller support level is in the range of 2450-2480. In yesterday's rebound, it encountered resistance at the 2560 level and immediately dropped, which also aligns with the first resistance level mentioned in the early review. Unlike BTC, it has not been erratic; the fluctuations feel relatively large, while ETH's trend is still quite stable. Today's intraday resistance level remains unchanged at the 2560-2600 range.