Thursday, Bitcoin, Ethereum morning view analysis

As tensions in the Middle East intensify, the crypto market changes suddenly. Yesterday, Bitcoin spot ETFs saw the largest daily net outflow in a month. Institutional investors were worried about the escalation of tensions in the Middle East and sold off, causing the price of the currency to fall.

Since Iran launched a missile attack on Israel on October 1, the price of Bitcoin has plummeted by nearly $4,000. The escalation of tensions in the Middle East has caused panic in the crypto market.

From a technical perspective, the daily Bollinger Bands continue to move downward to the EMA200 position, and the K line has fallen below yesterday's low. If the intraday market continues to maintain a slow correction and does not improve, then today's EMA200 will definitely not be able to hold, and it will be inserted into the EMA250 position, which is near the 58,000 mark.

Thursday morning short-term ideas

Refer to the 61,500 line for big cakes, continue to be short, look at the 58,000-58,500 area, and Ethereum rebounds near 2,400 to be short, look at the 2,280-2,300 area!

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