The current market structure is:

1: Ethereum trend is under pressure, altcoin funds are diverging, and altcoin main players are hesitant to act!

2: Bitcoin institutional funds are concentrated in trading, draining existing supply; from the fund data, Bitcoin's funds are the most active and concentrated!

3: Continuous funding effects are poor, secondary funds are diverting from the primary market! Institutional MEME market ignites local heat in the primary market! (Stay away from domestic startup coins, small market cap PVP is severe)

Bitcoin Analysis: Currently, the structure is still in the B adjustment position, with no significant changes in structure. It needs some time to consolidate the B adjustment position, with strong support at 64900 and pressure at 71000. The triangular range is 66000-69000, and the B adjustment range is waiting for the triangular breakout.

Many altcoins have formed daily bottom structures but with inactive funds. Ethereum is under short-term pressure, and altcoins are in a phase of gradual buying of spot. Short-term trading needs time for effects to be noticeable! It’s advisable to watch more and act less; gradually buying spot at this position won’t result in losses!

2024-10-28 This week's analysis focuses on the main oscillation and consolidation structure! For short-term trends, pay attention to Wednesday, Thursday, and structural changes within the week.

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