Friday, October 13th, Bitcoin shows short-term upward stagnation, watch for a pullback during the day.

It's Friday again, and Bitcoin has shown some activity in its recent movements, with a short-term increase. After reaching a short-term high around 97800, it faced resistance and pulled back, currently sitting in the 96900 area. The prevailing thought has been to maintain a bearish stance, and the market has not been very encouraging, leading to some locked-in losses. However, after the setback, there has also been a following trend that helped recover some previous losses. Currently, the rebound has paused, so we can continue to focus on a bearish outlook.

On the daily chart, we have seen consecutive upward movements, but overall, it remains in a weak pattern. The short-term reversal is facing resistance below the middle track, and it is not advisable to chase prices excessively until it stands above 98000. After a continuous short-term increase, we are now seeing signs of stagnation; the market will not keep rising indefinitely nor will it keep falling. Currently, there are signs of pressure, so we should initially look for short-term pullbacks at high levels. The daytime strategy should be to maintain a bearish outlook!

On Friday morning, it's suggested to short Bitcoin at around 97300-97800, targeting 95000-94000.

On Friday morning, it's suggested to short Ethereum at around 3480-3500, targeting 3400-3300.

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