On the evening of October 22nd, Tuesday, Bitcoin market insights

The intraday rhythm has basically maintained a weak oscillation, but it must be admitted that the high points are gradually moving down. The current price has reached the 67000 area. Both in the morning and afternoon, a bullish strategy was suggested. After a round of decline in the morning, the market rebounded slightly, reaching 67800 in the afternoon before being pressured down again. In the evening, after rising to the 67500 area, the market tested again. The short positions in the market are taking a bite 🥩. There is a clear downward oscillation, and the rebound continues to look bearish!

On the daily chart, it is expected to form consecutive bearish candles. Overall, the intraday trend is a weak oscillation downward, so a unilateral move may occur after the U.S. market opens. Currently, it is still in consolidation, with a 4-hour chart showing a downward oscillation posture. The market's rebound action is weak and lacks continuity, with all rebounds being followed by declines. Therefore, in a weak market, rebounds are opportunities to short. In the evening, continue to look bearish!

On Tuesday evening, it is recommended to short Bitcoin at 67300-37590, targeting 66000-65000.

On Tuesday evening, it is recommended to short Ethereum at 2650-2670, targeting 2550-2500.

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