On October 17, the three crows pattern for Bitcoin has formed. Congratulations to those who went south for doubling their positions! The second breakdown of the bottom may further extend the bearish momentum! The bearish trend for Ethereum continues! Your liquidation has accelerated the victory of the bears!

CN
2 hours ago

The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto world for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: 2025.10.17 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 110,600. It is now 1:30 AM Beijing time. With the continuous decline, what point are we at? 115,000 or 113,000? Or perhaps the highest point yesterday at 111,900? The market has been continuously declining and fluctuating, which can be considered standing at the forefront. Unfortunately, the "fat pig" (the prince) raised by our country has been confiscated by the big beautiful one. This has caused the big beautiful one's reserves to jump from 200,000 coins to over 300,000 coins, which is undoubtedly a significant negative for the crypto circle that believes in freedom.

Before the article was published, the daily K-line had a maximum of 111,960 and a minimum of 107,500. Congratulations to the friends who shorted the market for flipping their positions. The main force has truly broken the bottom for the second time. Three crows have formed, and the next step is the golden ratio support at 106,500. The upper pressure level to watch is 112,000. As long as the main force does not break the EMA120 during the pullback, the bearish trend will continue. The MACD is continuously shrinking and accumulating positions, and the bearish momentum is clearly increasing. The DIF and DEA have also started to impact the 0 axis, with the lower Bollinger Band support at 114,800.

The four-hour K-line has broken the descending triangle and the 110,000 mark. The MACD is shrinking and accumulating positions, with the DIF and DEA forming a death cross below the 0 axis. The four-hour K-line is attempting to impact the lower Bollinger Band at 108,000. The credit system built by the big beautiful one may start to collapse from this moment. There is a high probability that the bearish trend will continue, so friends who shorted the market only need to prepare for profit-taking during the market pullback, aiming for the previous lows.

Short-term strategy reference: The market is never 100%, so always set stop-losses. Safety first; small losses and big profits are the goal. Especially when breaking key resistance and support, stop-losses must be executed without holding onto losing positions.

For the northern trial position, set between 106,500 and 106,000, with a defense at 105,500, stop-loss at 500 points, and target at 107,500 to 108,000. If broken, look at 109,000 to 109,500.

For the southern trial position, set between 111,000 and 111,500, with a defense at 112,000, stop-loss at 500 points, and target at 110,000 to 109,000. If broken, look at 108,500 to 108,000.

Crypto Circle Scholar: 2025.10.17 Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 3,930. It is now 1:30 AM Beijing time. Many crypto friends and fans couldn't withstand the pressure and have taken profits by shorting, leaving no positions at all. It's indeed a pity. Gradual exit is acceptable, especially for those who shorted at 4,200 and 4,100; they can lock in profits at 3,900. Don't clear out; the bearish trend hasn't ended yet. Those who have already exited are definitely waiting for a pullback to continue shorting. I hope the market can pull back to an ideal position.

Before the article was published, the daily K-line had a maximum of 4,090 and a minimum of 3,855. As long as the main force does not break 3,983 during the pullback, the bearish trend is likely to continue, and it will also impact the previous low EMA120 support at 3,868. The main force has tested the strength once. The key resistance above is still at the Bollinger Band middle line at 4,240, with the lower line at 3,740. The trend indicators are starting to show contraction, and the top pressure level has been pushed down to around 4,100. This can be used as a reference for short-term resistance.

The four-hour K-line pressure level has continuously moved down this week from 4,250 to 4,150, then to 4,050. The bottom support has moved from 4,050 to 3,950, and then to 3,850 before the article was published. Both the pressure and support levels are moving down. The downward channel has moved down more than a hundred points during the day. The MACD is continuously shrinking and expanding, with the lower Bollinger Band at 3,870 and the middle line at 4,060. For friends who haven't entered the market, the strategy remains unchanged to continue shorting after a pullback. For those who are in short positions, don't hold onto losing trades; be quick to enter and exit, and be cautious when going long.

Short-term reference:

For the northern trial position, set between 3,800 and 3,750, with a defense at 3,700, stop-loss at 50 points, and target at 3,850 to 3,900. If broken, look at 3,950 to 4,000.

For the southern trial position, set between 4,000 and 4,050, with a defense at 4,100, stop-loss at 50 points, and target at 3,950 to 3,900. If broken, look at 3,850 to 3,800.

Specific operations should be based on real-time market data. For more information, please consult the author. The article may have a delay in publication, and the suggestions are for reference only; risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only; risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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