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This Week’s Theme: #WillBTCHit120K
📅 Event Period: Oct 28 – Nov 2, 24:00 (UTC+8)
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Share your market view on this week’s theme: #WillBTCHit120K ?
👉 Explain your reasoning—whether through technical analysis, macro trends, on-chain data, or market sentiment. Show your unique insight!
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📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
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🗓️ Deadline: October 31, 2025, 24:00 (UTC+8) - 🎒 Gate Square “Blue & White Travel Season” Merch Challenge is here!
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#数字货币市场回升 Continuing from yesterday afternoon's market analysis, the Ethereum and Bitcoin markets have shown a noticeable dip as expected.
Ethereum has successfully broken down below the support level of 4080, while Bitcoin has also fallen below the key price level of 113500. Based on the current trend, the market is very likely to continue dipping to the next support positions of Ethereum at 4050 and Bitcoin at 112000.
The current downward trend in the market is continuously being validated, which brings profit opportunities for investors focused on this trend. From a technical perspective, the magnitude of this adjustment aligns with the profit-taking pressure accumulated in the earlier period, and it may continue to maintain a weak oscillation pattern in the short term.
It is worth noting that this dip involves several major cryptocurrencies, including $Ethereum, $XRP, $SOL, etc., indicating that the overall market sentiment is becoming cautious. Investors need to closely monitor the performance of key support levels and changes in trading volume to assess the future market direction.