Market analysis and strategy for the evening of October 16

From the perspective of the 4-hour K-line structure, the recent market has been operating with an "alternating rise and fall" rhythm. After experiencing a bottoming rebound, it has entered a brief consolidation phase and is currently in a crucial period of accumulating strength for the next upward attack. The previous wave of rising followed by rapid adjustments was within the market's reasonable expectations. Currently, the technical aspect shows a clear trend of "consolidating while slowly rising", with indicators diverging upwards simultaneously. It is recommended to adopt a low long strategy in operations.
Bitcoin: It is recommended to position near the 111,000 point level to go long, targeting the 112,700 point level, looking for entry opportunities based on the lower edge of the consolidation range.
Erbing: It is recommended to plan to do more around the 4020 point level, aiming for the 4150 point level, and to confirm the entry timing in conjunction with short-term support.