Track the real-time hotspots in the crypto world and seize the best trading opportunities. Today is Friday, October 17, 2025. I am Wang Yibo! Good morning to all crypto friends☀ Daily attendance👍 Like and make big profits🍗🍗🌹🌹,

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The global market is currently facing a compounded impact of multiple uncertainty factors. The ongoing tension in trade relations and the U.S. federal government shutdown, which has entered its third week, are intertwined, leading not only to interruptions in the release of key economic data but also exacerbating investors' concerns about the economic outlook. This uncertainty has been directly reflected in financial market performance, with all three major U.S. stock indices closing lower, while market expectations for a shift in the Federal Reserve's monetary policy have significantly intensified. According to CME's "Fed Watch" data, traders have increased their bets that the Federal Reserve will implement three interest rate cuts by the end of the year. In the cryptocurrency market, Bitcoin and Ethereum showed a downward trend with reduced volume yesterday, and market sentiment is becoming increasingly fragmented. The critical support level for Bitcoin at $105,000 will face severe challenges. It is worth noting that although selling pressure in the market has weakened and there is a demand for a bounce-back from oversold conditions on a technical level, investors should remain cautious. It is advisable to closely monitor the Fed's policy direction, avoid blindly chasing higher prices, and manage market volatility through strict position control and risk hedging. Stay updated with the latest developments from Yibo, while also tracking the Fed's subsequent actions, avoiding blind pursuits of crypto assets, controlling positions, and ensuring effective risk hedging to seize opportunities and reduce risks.

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After experiencing a significant pullback last night, the bearish atmosphere in the Bitcoin market has intensified. The price of Bitcoin plummeted strongly from a high of 111929, reaching a low of 107375. Although it has slightly rebounded above 108000, the overall trend remains weak. Notably, after recent asset seizures by "Big Beautiful," its Bitcoin reserves surged from 200,000 to over 300,000. This news poses a significant bearish outlook for the cryptocurrency community, which values the ideals of freedom and decentralization, further strengthening market bearish expectations. The centralization of large reserves contradicts the core values of the crypto space, raising concerns in the market. From a technical analysis perspective, Bitcoin has completed a genuine second bottoming, and the downward trend has been further confirmed: the 4-hour level shows a continuous downward trend, with the price of Bitcoin being pressured downwards around the downward trend line and continuing to approach the lower Bollinger Band. The overall trend aligns with expectations, and an effective strong rebound has not been formed in the short term, with the short-cycle trend still being weak. Throughout the entire decline, the bulls have hardly organized an effective rebound, and the trend has been completely controlled by the bears, displaying a typical slow decline forcing longs pattern. Based on the current dual bearish sentiment from both the technical and news fronts, it is recommended to continue positioning around the bears in the short term. Pay attention to shorting opportunities after rebounds to key resistance levels.

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Ethereum staged a roller-coaster ride yesterday with a surge and subsequent pullback. Despite starting the morning with a rebound from a low of $3924, it reached highs of $4048 and $4084 in the afternoon and evening sessions, respectively. However, it quickly fell back and dropped to a low of $3938, ultimately breaking key support and setting a new low of $3823 in the early hours. This trend formed a typical "double top" bullish trap structure, indicating the bulls are struggling to fight back while the bears completely dominate the market. Currently, the price is around $3890 with weak technical rebound momentum. If it fails to effectively recover the resistance range of $3924-$3950, the downward trend will continue, and the market may further test the support at $3750. The strategy should focus on shorting on rallies.