Xiang Li: BTC/ETH operations and analysis in the early morning of October 12.

The market is like an unpredictable ocean, sometimes calm and sometimes turbulent. You navigate your small boat, harboring desires for wealth and hopes for the future, sailing within it. Remember, true investing is not about conquering the market, but about managing yourself. Looking back at Saturday's market, BTC/ETH exhibited an overall downward trend. BTC hit a daily low of 101516.5 points, testing the lower support; ETH followed suit and fell to 3400 points. Despite the intense fluctuations and multiple reversals during this period, the rebound strength was weak, and ultimately, the overall trend closed on a bearish note.

Combining the signals from the market, the daily bearish trend of Bitcoin/Ethereum is significant. On the 4-hour level, it is showing a step-like downward fluctuation, maintaining a complete overall downward channel, while the bullish resistance continues to weaken. From the hourly level, looking at the Bollinger Bands, the three lines are flattening out overall, synchronously narrowing, presenting a trend of fluctuation with reduced volume, making it difficult for the bulls to break through resistance. In terms of operations, it is recommended to primarily short in line with the trend. Avoid blindly chasing shorts; patiently wait for the price to fall back to key support levels and show stabilization signals before considering a short-term long position, maintaining flexibility in response.

The range for Bitcoin: 112000-112300 can go short, target around 110000.
Two pie surrounds: 3850-3880 can short, target focus around 3700.