To Li: BTC/ETH operations and analysis on October 11th afternoon

Do not blindly chase FOMO; most of what you miss is a trap rather than an opportunity. Strict stop-loss is not cowardice, but wisdom to stay in the game. The afternoon market continued the bearish sentiment, slowly dropping from the morning high of 114829.7 to 111580.0. ETH also showed strong bearish movement, dropping from a high of 3831.02 in the morning to a low of 3760.22, and is currently entering a rebound, with the current price around 3780. Since yesterday, Lao Xiang has repeatedly mentioned the idea of going long and making a profit; the short position from Saturday morning and the medium-term profit are now approaching our target as expected.

From the current perspective of the chart, the daily chart of BTC has formed a three consecutive bearish candlestick pattern. The daily chart has broken below the middle band, resulting in an accelerated formation of a secondary head-and-shoulders pattern. Overall, the trend is clearly bearish, and the bullish resistance sentiment is gradually weakening. The 4-hour chart has formed a five consecutive bearish trend, maintaining an overall downward trend. In terms of operation, we still treat it as mainly bearish. After a pullback stabilizes, we will look for opportunities to go long at lower levels, responding flexibly and avoiding blindly chasing short positions.

Bitcoin range: 111500-111800 controllable target focus around 90000
The second pie revolves around: 3780-3800 controllable, target focus near 3660.