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On October 20th, ETH suggests
From the technical pattern of the 1-hour chart, a double bottom structure has been completed, and the subsequent range oscillation can be seen as a key accumulation phase. The market is sending a positive signal: the trading volume shrinks simultaneously during the decline, indicating weak selling pressure and a market sentiment leaning towards bullishness. Given that the US stock market is closed for the holiday, this buying momentum has not yet been released. Therefore, it is anticipated that after the market opens today, the overall rise in the stock market will effectively drive cryptocurrencies like Bitcoin and ETH to experience an upward trend.
It is recommended to buy back near 3920-3890, with a target looking at 4000-4050, and defend 30 points!
#Gate9月透明报告出炉 #加密市场回调 #十月降息预测